Applied Optoelectronics I... (AAOI)
NASDAQ: AAOI
· Real-Time Price · USD
24.79
1.09 (4.60%)
At close: Aug 22, 2025, 3:59 PM
24.83
0.16%
After-hours: Aug 22, 2025, 07:45 PM EDT
AAOI Delta Exposure By Expiry
The total Delta Exposure (DEX) for AAOI across all expirations shows 646,189.75 net shares that market makers must hedge, with 813,468.26 from calls and 167,278.51 from puts. The put-call delta ratio of 0.21 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 248,797.04 net DEX represents significant hedging pressure that may cap upside moves. The nearest expiration on Aug 29, 25 carries positive delta requiring market makers to short shares, potentially creating resistance.
AAOI DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Aug 29, 25 | 23,890.98 | -7,915.52 | 15,975.46 | 0.33 |
| Sep 5, 25 | 14,540.45 | -4,976.83 | 9,563.62 | 0.34 |
| Sep 12, 25 | 18,232.72 | -3,295.86 | 14,936.86 | 0.18 |
| Sep 19, 25 | 193,298.68 | -76,367.46 | 116,931.22 | 0.40 |
| Sep 26, 25 | 9,056.4 | -15,154.05 | -6,097.65 | 1.67 |
| Oct 3, 25 | 150.82 | 0 | 150.82 | 0.00 |
| Oct 17, 25 | 32,383.08 | -3,976.09 | 28,406.99 | 0.12 |
| Dec 19, 25 | 133,961.72 | -26,194.32 | 107,767.4 | 0.20 |
| Jan 16, 26 | 274,094.15 | -25,297.11 | 248,797.04 | 0.09 |
| Mar 20, 26 | 32,173.15 | -720.45 | 31,452.7 | 0.02 |
| Jan 15, 27 | 81,686.11 | -3,380.82 | 78,305.29 | 0.04 |