Zions Bancorporation Nati... (ZION)
NASDAQ: ZION
· Real-Time Price · USD
52.67
-1.10 (-2.05%)
At close: Aug 15, 2025, 3:59 PM
52.75
0.15%
After-hours: Aug 15, 2025, 06:56 PM EDT
ZION Delta Exposure By Expiry
The total Delta Exposure (DEX) for ZION across all expirations shows 133,617.74 net shares that market makers must hedge, with 199,979.97 from calls and 66,362.23 from puts. The put-call delta ratio of 0.33 shows bullish positioning with call dominance, potentially providing upward momentum but leaving the market vulnerable to sharp pullbacks. The largest delta concentration at Jan 16, 26 with 54,043.96 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.
ZION DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 42,078.35 | -19,401.44 | 22,676.91 | 0.46 |
| Oct 17, 25 | 27,657.23 | -14,940.31 | 12,716.92 | 0.54 |
| Jan 16, 26 | 75,322.46 | -21,278.5 | 54,043.96 | 0.28 |
| Feb 20, 26 | 11,381 | -5,240.63 | 6,140.37 | 0.46 |
| Apr 17, 26 | 0 | 0 | 0 | n/a |
| May 15, 26 | 7,762.31 | -2,123.51 | 5,638.8 | 0.27 |
| Jan 15, 27 | 35,778.62 | -3,377.84 | 32,400.78 | 0.09 |