Diamondback Energy Inc. (FANG)
NASDAQ: FANG
· Real-Time Price · USD
148.76
-0.41 (-0.27%)
At close: Aug 29, 2025, 3:59 PM
FANG Delta Exposure By Expiry
The total Delta Exposure (DEX) for FANG across all expirations shows 806,330.08 net shares that market makers must hedge, with 2,173,122.34 from calls and 1,366,792.26 from puts. The put-call delta ratio of 0.63 suggests neutral market maker positioning. The largest delta concentration at Sep 19, 25 with 650,527.06 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.
FANG DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 793,805.23 | -143,278.17 | 650,527.06 | 0.18 |
| Oct 17, 25 | 172,775.04 | -16,204.08 | 156,570.96 | 0.09 |
| Dec 19, 25 | 248,132.52 | -68,832.76 | 179,299.76 | 0.28 |
| Jan 16, 26 | 479,525.12 | -808,342.92 | -328,817.8 | 1.69 |
| Mar 20, 26 | 227,333.17 | -77,897.02 | 149,436.15 | 0.34 |
| Jun 18, 26 | 146,936.47 | -166,175.16 | -19,238.69 | 1.13 |
| Sep 18, 26 | 9,540.5 | -10,494.11 | -953.61 | 1.10 |
| Jan 15, 27 | 95,074.29 | -75,568.04 | 19,506.25 | 0.79 |