Fennec Pharmaceuticals In... (FENC)
NASDAQ: FENC
· Real-Time Price · USD
7.94
-0.26 (-3.17%)
At close: Aug 19, 2025, 3:59 PM
8.06
1.51%
After-hours: Aug 19, 2025, 06:40 PM EDT
FENC Delta Exposure By Expiry
The total Delta Exposure (DEX) for FENC across all expirations shows 10,637.09 net shares that market makers must hedge, with 10,670.68 from calls and 33.59 from puts. The put-call delta ratio of 0.00 shows bullish positioning with call dominance, potentially providing upward momentum but leaving the market vulnerable to sharp pullbacks. The largest delta concentration at Nov 21, 25 with 9,532 net DEX represents significant hedging pressure that may cap upside moves. The nearest expiration on Sep 19, 25 carries negative delta forcing market makers to buy shares, potentially providing support.
FENC DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 0 | 0 | 0 | n/a |
| Oct 17, 25 | 0 | 0 | 0 | n/a |
| Nov 21, 25 | 9,561.96 | -29.96 | 9,532 | 0.00 |
| Feb 20, 26 | 1,108.72 | -3.63 | 1,105.09 | 0.00 |