Comstock Resources Inc. (CRK)
NYSE: CRK
· Real-Time Price · USD
15.21
0.18 (1.20%)
At close: Aug 19, 2025, 3:59 PM
15.00
-1.38%
After-hours: Aug 19, 2025, 07:33 PM EDT
CRK Delta Exposure By Expiry
The total Delta Exposure (DEX) for CRK across all expirations shows -21,902.2 net shares that market makers must hedge, with 161,249.41 from calls and 183,151.61 from puts. The put-call delta ratio of 1.14 indicates defensive positioning with heavy put protection, which could accelerate downward moves if breached. The largest delta concentration at Jan 16, 26 with 41,705.16 net DEX represents significant hedging pressure that may cap upside moves. The nearest expiration on Sep 19, 25 carries negative delta forcing market makers to buy shares, potentially providing support.
CRK DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 29,068.07 | -64,940.88 | -35,872.81 | 2.23 |
| Oct 17, 25 | 82.37 | -178.88 | -96.51 | 2.17 |
| Dec 19, 25 | 15,988.89 | -36,963.26 | -20,974.37 | 2.31 |
| Jan 16, 26 | 84,443.12 | -42,737.96 | 41,705.16 | 0.51 |
| Mar 20, 26 | 9,092.2 | -830.01 | 8,262.19 | 0.09 |
| May 15, 26 | 1,275.66 | -175.5 | 1,100.16 | 0.14 |
| Aug 21, 26 | 540.28 | -1,073.5 | -533.22 | 1.99 |
| Nov 20, 26 | 120.66 | -87.91 | 32.75 | 0.73 |
| Jan 15, 27 | 20,638.16 | -36,163.71 | -15,525.55 | 1.75 |