Global X - Nasdaq 100 Cov... (QYLG)

The total Delta Exposure (DEX) for QYLG across all expirations shows 515.79 net shares that market makers must hedge, with 710.59 from calls and 194.8 from puts. The put-call delta ratio of 0.27 shows bullish positioning with call dominance, potentially providing upward momentum but leaving the market vulnerable to sharp pullbacks. The largest delta concentration at Oct 17, 25 with 589.4 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.