VanEck Natural Resources ... (HAP)
AMEX: HAP
· Real-Time Price · USD
53.69
-0.18 (-0.33%)
At close: Aug 19, 2025, 3:59 PM
53.75
0.12%
After-hours: Aug 19, 2025, 06:09 PM EDT
HAP Delta Exposure By Expiry
The total Delta Exposure (DEX) for HAP across all expirations shows 28.73 net shares that market makers must hedge, with 28.73 from calls and 0 from puts. The put-call delta ratio of 0.00 shows bullish positioning with call dominance, potentially providing upward momentum but leaving the market vulnerable to sharp pullbacks. The largest delta concentration at Mar 20, 26 with 28.73 net DEX represents significant hedging pressure that may cap upside moves. The nearest expiration on Sep 19, 25 carries negative delta forcing market makers to buy shares, potentially providing support.
HAP DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 0 | 0 | 0 | n/a |
| Oct 17, 25 | 0 | 0 | 0 | n/a |
| Dec 19, 25 | 0 | 0 | 0 | n/a |
| Jan 16, 26 | 0 | 0 | 0 | n/a |
| Mar 20, 26 | 28.73 | 0 | 28.73 | 0.00 |