Air Lease Corporation (AL)

The total Delta Exposure (DEX) for AL across all expirations shows 27,519.17 net shares that market makers must hedge, with 33,705.65 from calls and 6,186.48 from puts. The put-call delta ratio of 0.18 shows bullish positioning with call dominance, potentially providing upward momentum but leaving the market vulnerable to sharp pullbacks. The largest delta concentration at Nov 21, 25 with 25,058.51 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.