Waters Corporation (WAT)
NYSE: WAT
· Real-Time Price · USD
291.48
-2.04 (-0.70%)
At close: Aug 15, 2025, 3:59 PM
291.55
0.02%
After-hours: Aug 15, 2025, 04:20 PM EDT
WAT Delta Exposure By Expiry
The total Delta Exposure (DEX) for WAT across all expirations shows -103,254.58 net shares that market makers must hedge, with 139,854.57 from calls and 243,109.15 from puts. The put-call delta ratio of 1.74 indicates defensive positioning with heavy put protection, which could accelerate downward moves if breached. The largest delta concentration at Nov 21, 25 with -53,135.1 net DEX represents significant hedging pressure that could fuel downside acceleration. The nearest expiration on Sep 19, 25 carries positive delta requiring market makers to short shares, potentially creating resistance.
WAT DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 9,660.93 | -7,057.89 | 2,603.04 | 0.73 |
| Oct 17, 25 | 0 | 0 | 0 | n/a |
| Nov 21, 25 | 102,244.52 | -155,379.62 | -53,135.1 | 1.52 |
| Jan 16, 26 | 0 | 0 | 0 | n/a |
| Feb 20, 26 | 27,949.12 | -80,671.64 | -52,722.52 | 2.89 |