Cogent Communications In... (CCOI)
NASDAQ: CCOI
· Real-Time Price · USD
37.17
0.27 (0.73%)
At close: Aug 19, 2025, 1:59 PM
CCOI Delta Exposure By Expiry
The total Delta Exposure (DEX) for CCOI across all expirations shows -33,692.91 net shares that market makers must hedge, with 102,673.51 from calls and 136,366.42 from puts. The put-call delta ratio of 1.33 indicates defensive positioning with heavy put protection, which could accelerate downward moves if breached. The largest delta concentration at Oct 17, 25 with -33,255.98 net DEX represents significant hedging pressure that could fuel downside acceleration. The nearest expiration on Sep 19, 25 carries positive delta requiring market makers to short shares, potentially creating resistance.
CCOI DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 32,169.73 | -23,406.67 | 8,763.06 | 0.73 |
| Oct 17, 25 | 11,585.11 | -44,841.09 | -33,255.98 | 3.87 |
| Dec 19, 25 | 13,393.5 | -33,859.53 | -20,466.03 | 2.53 |
| Jan 16, 26 | 12,357.55 | -32,439.22 | -20,081.67 | 2.63 |
| Apr 17, 26 | 11,724.05 | 0 | 11,724.05 | 0.00 |
| Jun 18, 26 | 21,443.57 | -1,819.91 | 19,623.66 | 0.08 |