Birkenstock Holding (BIRK)
NYSE: BIRK
· Real-Time Price · USD
50.16
-0.35 (-0.69%)
At close: Aug 19, 2025, 3:59 PM
50.13
-0.07%
After-hours: Aug 19, 2025, 06:09 PM EDT
BIRK Delta Exposure By Expiry
The total Delta Exposure (DEX) for BIRK across all expirations shows 55,243.58 net shares that market makers must hedge, with 154,493.93 from calls and 99,250.35 from puts. The put-call delta ratio of 0.64 suggests neutral market maker positioning. The largest delta concentration at Sep 19, 25 with 77,824.3 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.
BIRK DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 92,181.34 | -14,357.04 | 77,824.3 | 0.16 |
| Oct 17, 25 | 41,316.07 | -49,494.34 | -8,178.27 | 1.20 |
| Jan 16, 26 | 18,408.09 | -32,182.12 | -13,774.03 | 1.75 |
| Apr 17, 26 | 0 | -5.25 | -5.25 | n/a |
| Dec 18, 26 | 0 | 0 | 0 | n/a |
| Jan 15, 27 | 2,588.43 | -3,211.6 | -623.17 | 1.24 |