ADC Therapeutics S.A. (ADCT)
NYSE: ADCT
· Real-Time Price · USD
3.19
0.09 (2.90%)
At close: Aug 22, 2025, 3:59 PM
3.18
-0.16%
After-hours: Aug 22, 2025, 06:14 PM EDT
ADCT Delta Exposure By Expiry
The total Delta Exposure (DEX) for ADCT across all expirations shows 655.12 net shares that market makers must hedge, with 1,362.81 from calls and 707.69 from puts. The put-call delta ratio of 0.52 suggests neutral market maker positioning. The largest delta concentration at Jan 16, 26 with 657.21 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.
ADCT DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 18.41 | -0.63 | 17.78 | 0.03 |
| Oct 17, 25 | 608.06 | -627.93 | -19.87 | 1.03 |
| Jan 16, 26 | 736.34 | -79.13 | 657.21 | 0.11 |
| Apr 17, 26 | 0 | 0 | 0 | n/a |
| Dec 18, 26 | 0 | 0 | 0 | n/a |