Xenon Pharmaceuticals Inc... (XENE)
NASDAQ: XENE
· Real-Time Price · USD
38.84
0.66 (1.73%)
At close: Aug 22, 2025, 3:59 PM
38.84
0.00%
After-hours: Aug 22, 2025, 04:10 PM EDT
XENE Delta Exposure By Expiry
The total Delta Exposure (DEX) for XENE across all expirations shows 22,623.33 net shares that market makers must hedge, with 63,765.56 from calls and 41,142.23 from puts. The put-call delta ratio of 0.65 suggests neutral market maker positioning. The largest delta concentration at Dec 19, 25 with 36,856.71 net DEX represents significant hedging pressure that may cap upside moves. The nearest expiration on Sep 19, 25 carries positive delta requiring market makers to short shares, potentially creating resistance.
XENE DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 18,808.91 | -623.47 | 18,185.44 | 0.03 |
| Oct 17, 25 | 2,771.6 | -39,324.77 | -36,553.17 | 14.19 |
| Dec 19, 25 | 37,814.84 | -958.13 | 36,856.71 | 0.03 |
| Jan 16, 26 | 4,062.69 | -51.21 | 4,011.48 | 0.01 |
| Apr 17, 26 | 307.52 | -184.65 | 122.87 | 0.60 |
| Dec 18, 26 | 0 | 0 | 0 | n/a |