AXIS Capital Limited (AXS)
NYSE: AXS
· Real-Time Price · USD
96.38
1.37 (1.44%)
At close: Aug 19, 2025, 3:59 PM
95.14
-1.28%
After-hours: Aug 19, 2025, 06:09 PM EDT
AXS Delta Exposure By Expiry
The total Delta Exposure (DEX) for AXS across all expirations shows 8,378.84 net shares that market makers must hedge, with 31,318.52 from calls and 22,939.68 from puts. The put-call delta ratio of 0.73 suggests neutral market maker positioning. The largest delta concentration at Oct 17, 25 with 8,341.62 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.
AXS DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 2,578.89 | -6,242.1 | -3,663.21 | 2.42 |
| Oct 17, 25 | 18,136.8 | -9,795.18 | 8,341.62 | 0.54 |
| Dec 19, 25 | 10,080.79 | -6,447.96 | 3,632.83 | 0.64 |
| Mar 20, 26 | 522.04 | -454.44 | 67.6 | 0.87 |