American Superconductor C... (AMSC)

The total Delta Exposure (DEX) for AMSC across all expirations shows 428,479.98 net shares that market makers must hedge, with 494,877.45 from calls and 66,397.47 from puts. The put-call delta ratio of 0.13 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 276,594.27 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.