California Resources Corp... (CRC)
NYSE: CRC
· Real-Time Price · USD
47.34
-0.04 (-0.08%)
At close: Aug 20, 2025, 10:24 AM
CRC Delta Exposure By Expiry
The total Delta Exposure (DEX) for CRC across all expirations shows 13,380.04 net shares that market makers must hedge, with 32,138.4 from calls and 18,758.36 from puts. The put-call delta ratio of 0.58 suggests neutral market maker positioning. The largest delta concentration at Oct 17, 25 with 10,436.44 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.
CRC DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 2,712.64 | -1,333.68 | 1,378.96 | 0.49 |
| Oct 17, 25 | 12,947.44 | -2,511 | 10,436.44 | 0.19 |
| Dec 19, 25 | 14,404.41 | -10,041.99 | 4,362.42 | 0.70 |
| Jan 16, 26 | 2,039.08 | -101.12 | 1,937.96 | 0.05 |
| Apr 17, 26 | 0 | -47.68 | -47.68 | n/a |
| Dec 18, 26 | 34.83 | -4,722.89 | -4,688.06 | 135.60 |