DaVita Inc. (DVA)
NYSE: DVA
· Real-Time Price · USD
133.40
-1.98 (-1.46%)
At close: Aug 18, 2025, 3:59 PM
133.89
0.37%
Pre-market: Aug 19, 2025, 04:34 AM EDT
DVA Delta Exposure By Expiry
The total Delta Exposure (DEX) for DVA across all expirations shows -247,373.39 net shares that market makers must hedge, with 309,192.79 from calls and 556,566.18 from puts. The put-call delta ratio of 1.80 indicates defensive positioning with heavy put protection, which could accelerate downward moves if breached. The largest delta concentration at Dec 18, 26 with -200,774.73 net DEX represents significant hedging pressure that could fuel downside acceleration. The nearest expiration on Sep 19, 25 carries positive delta requiring market makers to short shares, potentially creating resistance.
DVA DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 98,324.75 | -87,413.21 | 10,911.54 | 0.89 |
| Oct 17, 25 | 16,418.92 | -25,232.31 | -8,813.39 | 1.54 |
| Jan 16, 26 | 114,073.73 | -156,730.46 | -42,656.73 | 1.37 |
| Mar 20, 26 | 10,619.2 | -16,735.71 | -6,116.51 | 1.58 |
| Apr 17, 26 | 76.43 | 0 | 76.43 | 0.00 |
| Dec 18, 26 | 69,679.76 | -270,454.49 | -200,774.73 | 3.88 |