Commvault Systems Inc. (CVLT)
NASDAQ: CVLT
· Real-Time Price · USD
175.96
-0.41 (-0.23%)
At close: Aug 21, 2025, 1:48 PM
CVLT Delta Exposure By Expiry
The total Delta Exposure (DEX) for CVLT across all expirations shows -2,038 net shares that market makers must hedge, with 118,941.23 from calls and 120,979.23 from puts. The put-call delta ratio of 1.02 indicates defensive positioning with heavy put protection, which could accelerate downward moves if breached. The largest delta concentration at Sep 19, 25 with -39,078.99 net DEX represents significant hedging pressure that could fuel downside acceleration. The nearest expiration on Sep 19, 25 carries negative delta forcing market makers to buy shares, potentially providing support.
CVLT DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 36,076.35 | -75,155.34 | -39,078.99 | 2.08 |
| Oct 17, 25 | 28,020.04 | -24,399.98 | 3,620.06 | 0.87 |
| Dec 19, 25 | 28,422.5 | -8,945.14 | 19,477.36 | 0.31 |
| Jan 16, 26 | 7,910.79 | -11,165.97 | -3,255.18 | 1.41 |
| Apr 17, 26 | 0 | 0 | 0 | n/a |
| Dec 18, 26 | 18,511.55 | -1,312.8 | 17,198.75 | 0.07 |