Alerus Financial Corporat... (ALRS)
NASDAQ: ALRS
· Real-Time Price · USD
21.48
-0.08 (-0.37%)
At close: Aug 19, 2025, 3:59 PM
21.50
0.09%
After-hours: Aug 19, 2025, 04:25 PM EDT
ALRS Delta Exposure By Expiry
The total Delta Exposure (DEX) for ALRS across all expirations shows 0.81 net shares that market makers must hedge, with 55.96 from calls and 55.15 from puts. The put-call delta ratio of 0.99 suggests neutral market maker positioning. The largest delta concentration at Oct 17, 25 with 36.07 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.
ALRS DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 5.82 | -15.1 | -9.28 | 2.59 |
| Oct 17, 25 | 50.14 | -14.07 | 36.07 | 0.28 |
| Jan 16, 26 | 0 | -25.98 | -25.98 | n/a |
| Apr 17, 26 | 0 | 0 | 0 | n/a |