Cracker Barrel Old Countr... (CBRL)
NASDAQ: CBRL
· Real-Time Price · USD
55.41
0.61 (1.11%)
At close: Aug 22, 2025, 12:31 PM
CBRL Delta Exposure By Expiry
The total Delta Exposure (DEX) for CBRL across all expirations shows 56,076.01 net shares that market makers must hedge, with 184,223.68 from calls and 128,147.67 from puts. The put-call delta ratio of 0.70 suggests neutral market maker positioning. The largest delta concentration at Jan 15, 27 with 24,871.98 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.
CBRL DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 53,750.84 | -60,297.03 | -6,546.19 | 1.12 |
| Oct 17, 25 | 1,087.06 | -404.48 | 682.58 | 0.37 |
| Dec 19, 25 | 28,551.88 | -15,516.97 | 13,034.91 | 0.54 |
| Jan 16, 26 | 67,953.62 | -47,978.55 | 19,975.07 | 0.71 |
| Mar 20, 26 | 3,127.25 | -516.66 | 2,610.59 | 0.17 |
| Jan 15, 27 | 28,081.46 | -3,209.48 | 24,871.98 | 0.11 |
| Dec 17, 27 | 1,671.57 | -224.5 | 1,447.07 | 0.13 |