BJ's Restaurants Inc. (BJRI)
NASDAQ: BJRI
· Real-Time Price · USD
35.56
0.73 (2.10%)
At close: Aug 19, 2025, 10:56 AM
BJRI Delta Exposure By Expiry
The total Delta Exposure (DEX) for BJRI across all expirations shows 7,070.97 net shares that market makers must hedge, with 25,486.16 from calls and 18,415.19 from puts. The put-call delta ratio of 0.72 suggests neutral market maker positioning. The largest delta concentration at Oct 17, 25 with 6,655.26 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.
BJRI DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 367.21 | -761.45 | -394.24 | 2.07 |
| Oct 17, 25 | 21,358.55 | -14,703.29 | 6,655.26 | 0.69 |
| Nov 21, 25 | 711.97 | -692.13 | 19.84 | 0.97 |
| Dec 19, 25 | 1,307.64 | -1,363.85 | -56.21 | 1.04 |
| Jan 16, 26 | 1,740.79 | -894.47 | 846.32 | 0.51 |
| Apr 17, 26 | 0 | 0 | 0 | n/a |