(FEZ)
AMEX: FEZ
· Real-Time Price · USD
59.56
0.25 (0.42%)
At close: Sep 04, 2025, 3:59 PM
59.55
-0.02%
After-hours: Sep 04, 2025, 07:45 PM EDT
FEZ Delta Exposure By Expiry
The total Delta Exposure (DEX) for FEZ across all expirations shows -26,012.33 net shares that market makers must hedge, with 783,270.06 from calls and 809,282.39 from puts. The put-call delta ratio of 1.03 indicates defensive positioning with heavy put protection, which could accelerate downward moves if breached. The largest delta concentration at Jan 16, 26 with 131,249.73 net DEX represents significant hedging pressure that may cap upside moves. The nearest expiration on Sep 12, 25 carries negative delta forcing market makers to buy shares, potentially providing support.
FEZ DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 12, 25 | 52.98 | -119.71 | -66.73 | 2.26 |
| Sep 19, 25 | 111,635.66 | -183,827.14 | -72,191.48 | 1.65 |
| Sep 26, 25 | 2,012.89 | -162.74 | 1,850.15 | 0.08 |
| Oct 3, 25 | 25.38 | -459.65 | -434.27 | 18.11 |
| Oct 10, 25 | 0 | 0 | 0 | n/a |
| Oct 17, 25 | 3,338.64 | -81,687.79 | -78,349.15 | 24.47 |
| Nov 21, 25 | 229,350.33 | -170,417.43 | 58,932.9 | 0.74 |
| Jan 16, 26 | 329,103.27 | -197,853.54 | 131,249.73 | 0.60 |
| Feb 20, 26 | 16,142.05 | -33,993.82 | -17,851.77 | 2.11 |
| Jan 15, 27 | 91,608.86 | -140,760.57 | -49,151.71 | 1.54 |