Canadian National Railway (CNI)
NYSE: CNI
· Real-Time Price · USD
94.30
1.09 (1.17%)
At close: Aug 19, 2025, 3:59 PM
94.55
0.27%
After-hours: Aug 19, 2025, 08:00 PM EDT
CNI Delta Exposure By Expiry
The total Delta Exposure (DEX) for CNI across all expirations shows 63,454.55 net shares that market makers must hedge, with 190,117.3 from calls and 126,662.75 from puts. The put-call delta ratio of 0.67 suggests neutral market maker positioning. The largest delta concentration at Sep 19, 25 with 42,904.43 net DEX represents significant hedging pressure that may cap upside moves. The nearest expiration on Sep 19, 25 carries positive delta requiring market makers to short shares, potentially creating resistance.
CNI DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 70,075.03 | -27,170.6 | 42,904.43 | 0.39 |
| Oct 17, 25 | 93,004.1 | -59,228.4 | 33,775.7 | 0.64 |
| Jan 16, 26 | 24,950.98 | -40,246.91 | -15,295.93 | 1.61 |
| Apr 17, 26 | 2,087.19 | -16.84 | 2,070.35 | 0.01 |