Varex Imaging Corporation (VREX)

The total Delta Exposure (DEX) for VREX across all expirations shows 71,329.08 net shares that market makers must hedge, with 71,653.93 from calls and 324.85 from puts. The put-call delta ratio of 0.00 shows bullish positioning with call dominance, potentially providing upward momentum but leaving the market vulnerable to sharp pullbacks. The largest delta concentration at Jan 16, 26 with 69,833.28 net DEX represents significant hedging pressure that may cap upside moves. The nearest expiration on Sep 19, 25 carries negative delta forcing market makers to buy shares, potentially providing support.