Watsco Inc. (WSO)
NYSE: WSO
· Real-Time Price · USD
416.79
-4.83 (-1.15%)
At close: Aug 15, 2025, 1:43 PM
WSO Delta Exposure By Expiry
The total Delta Exposure (DEX) for WSO across all expirations shows -12,582.68 net shares that market makers must hedge, with 41,371.14 from calls and 53,953.82 from puts. The put-call delta ratio of 1.30 indicates defensive positioning with heavy put protection, which could accelerate downward moves if breached. The largest delta concentration at Feb 20, 26 with -7,509.57 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.
WSO DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 4,190.07 | -5,841.42 | -1,651.35 | 1.39 |
| Oct 17, 25 | 1,788.98 | -6,367.36 | -4,578.38 | 3.56 |
| Nov 21, 25 | 3,443.35 | -6,364.94 | -2,921.59 | 1.85 |
| Dec 19, 25 | 11,110.61 | -6,662.07 | 4,448.54 | 0.60 |
| Feb 20, 26 | 8,353.97 | -15,863.54 | -7,509.57 | 1.90 |
| Mar 20, 26 | 12,484.16 | -12,854.49 | -370.33 | 1.03 |