Cactus Inc. (WHD)
NYSE: WHD
· Real-Time Price · USD
39.98
-0.46 (-1.14%)
At close: Aug 15, 2025, 2:16 PM
WHD Delta Exposure By Expiry
The total Delta Exposure (DEX) for WHD across all expirations shows -989.84 net shares that market makers must hedge, with 5,774.69 from calls and 6,764.53 from puts. The put-call delta ratio of 1.17 indicates defensive positioning with heavy put protection, which could accelerate downward moves if breached. The largest delta concentration at Feb 20, 26 with -1,440.58 net DEX represents significant hedging pressure that could fuel downside acceleration. The nearest expiration on Sep 19, 25 carries negative delta forcing market makers to buy shares, potentially providing support.
WHD DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 184.38 | -393.48 | -209.1 | 2.13 |
| Oct 17, 25 | 0 | 0 | 0 | n/a |
| Nov 21, 25 | 5,308.92 | -4,649.08 | 659.84 | 0.88 |
| Feb 20, 26 | 281.39 | -1,721.97 | -1,440.58 | 6.12 |