Ermenegildo Zegna N.V. (ZGN)
NYSE: ZGN
· Real-Time Price · USD
8.05
-0.07 (-0.86%)
At close: Aug 15, 2025, 3:59 PM
8.06
0.12%
After-hours: Aug 15, 2025, 04:04 PM EDT
ZGN Delta Exposure By Expiry
The total Delta Exposure (DEX) for ZGN across all expirations shows 221.76 net shares that market makers must hedge, with 444.51 from calls and 222.75 from puts. The put-call delta ratio of 0.50 suggests neutral market maker positioning. The largest delta concentration at Jan 16, 26 with 283.84 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.
ZGN DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 4.64 | 0 | 4.64 | 0.00 |
| Oct 17, 25 | 156.03 | -222.75 | -66.72 | 1.43 |
| Jan 16, 26 | 283.84 | 0 | 283.84 | 0.00 |
| Apr 17, 26 | 0 | 0 | 0 | n/a |