Campbell Soup (CPB)
NASDAQ: CPB
· Real-Time Price · USD
32.57
0.18 (0.56%)
At close: Aug 21, 2025, 3:59 PM
32.55
-0.06%
Pre-market: Aug 22, 2025, 07:35 AM EDT
CPB Delta Exposure By Expiry
The total Delta Exposure (DEX) for CPB across all expirations shows 108,736.14 net shares that market makers must hedge, with 583,925.87 from calls and 475,189.73 from puts. The put-call delta ratio of 0.81 suggests neutral market maker positioning. The largest delta concentration at Nov 21, 25 with 183,512.7 net DEX represents significant hedging pressure that may cap upside moves. The nearest expiration on Aug 29, 25 carries positive delta requiring market makers to short shares, potentially creating resistance.
CPB DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Aug 29, 25 | 20,768.73 | -13,027.31 | 7,741.42 | 0.63 |
| Sep 5, 25 | 11,371.34 | -11,144.56 | 226.78 | 0.98 |
| Sep 12, 25 | 2,367.62 | -2,366.38 | 1.24 | 1.00 |
| Sep 19, 25 | 51,229.31 | -41,403.18 | 9,826.13 | 0.81 |
| Sep 26, 25 | 519.03 | -7,319.64 | -6,800.61 | 14.10 |
| Oct 3, 25 | 0 | 0 | 0 | n/a |
| Oct 17, 25 | 10,809.39 | -1,967.55 | 8,841.84 | 0.18 |
| Nov 21, 25 | 305,915.53 | -122,402.83 | 183,512.7 | 0.40 |
| Jan 16, 26 | 97,323.44 | -196,670.17 | -99,346.73 | 2.02 |
| Feb 20, 26 | 14,665.72 | -19,169.97 | -4,504.25 | 1.31 |
| Jun 18, 26 | 25,423.49 | -35,197.25 | -9,773.76 | 1.38 |
| Sep 18, 26 | 75.8 | -151.39 | -75.59 | 2.00 |
| Jan 15, 27 | 43,456.47 | -24,369.5 | 19,086.97 | 0.56 |