Cerence Inc. (CRNC)
NASDAQ: CRNC
· Real-Time Price · USD
10.53
-0.08 (-0.75%)
At close: Aug 29, 2025, 3:59 PM
10.59
0.57%
After-hours: Aug 29, 2025, 06:52 PM EDT
CRNC Delta Exposure By Expiry
The total Delta Exposure (DEX) for CRNC across all expirations shows 44,875.84 net shares that market makers must hedge, with 96,270.95 from calls and 51,395.11 from puts. The put-call delta ratio of 0.53 suggests neutral market maker positioning. The largest delta concentration at Jan 15, 27 with 23,672.71 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.
CRNC DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 19,348.37 | -7,661.95 | 11,686.42 | 0.40 |
| Oct 17, 25 | 1,758.89 | -588.96 | 1,169.93 | 0.33 |
| Nov 21, 25 | 11,100.86 | -3,742.09 | 7,358.77 | 0.34 |
| Dec 19, 25 | 14,207.23 | -11,134.78 | 3,072.45 | 0.78 |
| Jan 16, 26 | 19,796.41 | -23,300.83 | -3,504.42 | 1.18 |
| Feb 20, 26 | 4,124.69 | -2,704.71 | 1,419.98 | 0.66 |
| Jan 15, 27 | 25,934.5 | -2,261.79 | 23,672.71 | 0.09 |