Exelixis Inc. (EXEL)
NASDAQ: EXEL
· Real-Time Price · USD
37.84
0.08 (0.21%)
At close: Aug 19, 2025, 9:41 AM
EXEL Delta Exposure By Expiry
The total Delta Exposure (DEX) for EXEL across all expirations shows 88,434.65 net shares that market makers must hedge, with 380,135.74 from calls and 291,701.09 from puts. The put-call delta ratio of 0.77 suggests neutral market maker positioning. The largest delta concentration at Nov 21, 25 with -92,234 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.
EXEL DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 46,367.33 | -26,900.46 | 19,466.87 | 0.58 |
| Oct 17, 25 | 1,706.57 | -939.5 | 767.07 | 0.55 |
| Nov 21, 25 | 103,894.74 | -196,128.74 | -92,234 | 1.89 |
| Jan 16, 26 | 137,282.14 | -64,919.51 | 72,362.63 | 0.47 |
| Feb 20, 26 | 9,922.07 | -1,795.32 | 8,126.75 | 0.18 |
| Jan 15, 27 | 80,962.89 | -1,017.56 | 79,945.33 | 0.01 |