Citizens Inc. (CIA)
NYSE: CIA
· Real-Time Price · USD
5.39
-0.06 (-1.10%)
At close: Aug 28, 2025, 3:59 PM
5.39
0.00%
After-hours: Aug 28, 2025, 05:44 PM EDT
CIA Delta Exposure By Expiry
The total Delta Exposure (DEX) for CIA across all expirations shows -45,817.9 net shares that market makers must hedge, with 1,480.24 from calls and 47,298.14 from puts. The put-call delta ratio of 31.95 indicates defensive positioning with heavy put protection, which could accelerate downward moves if breached. The largest delta concentration at Nov 21, 25 with -44,607.72 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.
CIA DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 113.83 | 0 | 113.83 | 0.00 |
| Oct 17, 25 | 7.3 | -177.01 | -169.71 | 24.25 |
| Nov 21, 25 | 1,201.3 | -45,809.02 | -44,607.72 | 38.13 |
| Jan 16, 26 | 0 | 0 | 0 | n/a |
| Feb 20, 26 | 157.81 | -1,312.11 | -1,154.3 | 8.31 |