Arrow Financial Corporati... (AROW)
NASDAQ: AROW
· Real-Time Price · USD
28.16
0.22 (0.79%)
At close: Aug 20, 2025, 3:59 PM
28.16
0.00%
After-hours: Aug 20, 2025, 04:10 PM EDT
AROW Delta Exposure By Expiry
The total Delta Exposure (DEX) for AROW across all expirations shows 53.05 net shares that market makers must hedge, with 194.29 from calls and 141.24 from puts. The put-call delta ratio of 0.73 suggests neutral market maker positioning. The largest delta concentration at Dec 19, 25 with 54.65 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.
AROW DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 71.79 | -63.49 | 8.3 | 0.88 |
| Oct 17, 25 | 0 | 0 | 0 | n/a |
| Dec 19, 25 | 101.41 | -46.76 | 54.65 | 0.46 |
| Jan 16, 26 | 0 | 0 | 0 | n/a |
| Mar 20, 26 | 21.09 | -30.99 | -9.9 | 1.47 |
| Jun 18, 26 | 0 | 0 | 0 | n/a |