Churchill Downs (CHDN)
NASDAQ: CHDN
· Real-Time Price · USD
95.98
-0.04 (-0.04%)
At close: Oct 03, 2025, 3:59 PM
98.00
2.10%
After-hours: Oct 03, 2025, 06:22 PM EDT
CHDN Delta Exposure By Expiry
The total Delta Exposure (DEX) for CHDN across all expirations shows -131,901.77 net shares that market makers must hedge, with 30,578.14 from calls and 162,479.91 from puts. The put-call delta ratio of 5.31 indicates defensive positioning with heavy put protection, which could accelerate downward moves if breached.
CHDN DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Oct 17, 25 | 2,308.28 | -3,169.85 | -861.57 | 1.37 |
| Nov 21, 25 | 954.49 | -65,587.6 | -64,633.11 | 68.71 |
| Dec 19, 25 | 25,474.11 | -90,541.96 | -65,067.85 | 3.55 |
| Mar 20, 26 | 1,841.26 | -3,180.5 | -1,339.24 | 1.73 |