ZTO Express (Cayman) Inc. (ZTO)
NYSE: ZTO
· Real-Time Price · USD
19.10
0.25 (1.33%)
At close: Sep 09, 2025, 3:59 PM
19.14
0.21%
Pre-market: Sep 10, 2025, 05:30 AM EDT
ZTO Delta Exposure By Expiry
The total Delta Exposure (DEX) for ZTO across all expirations shows -1,992.02 net shares that market makers must hedge, with 132,138.28 from calls and 134,130.3 from puts. The put-call delta ratio of 1.02 indicates defensive positioning with heavy put protection, which could accelerate downward moves if breached.
ZTO DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 7,096.54 | -13,474.84 | -6,378.3 | 1.90 |
| Oct 17, 25 | 7,608.63 | -3,653.96 | 3,954.67 | 0.48 |
| Dec 19, 25 | 90,761.05 | -63,127.55 | 27,633.5 | 0.70 |
| Jan 16, 26 | 8,447.91 | -30,063.58 | -21,615.67 | 3.56 |
| Apr 17, 26 | 236.34 | -6,728.76 | -6,492.42 | 28.47 |
| Dec 18, 26 | 0 | 0 | 0 | n/a |
| Jan 15, 27 | 17,987.81 | -17,081.61 | 906.2 | 0.95 |