HUTCHMED (China) Limited (HCM)
NASDAQ: HCM
· Real-Time Price · USD
16.18
-0.25 (-1.52%)
At close: Aug 19, 2025, 2:05 PM
HCM Delta Exposure By Expiry
The total Delta Exposure (DEX) for HCM across all expirations shows 656.38 net shares that market makers must hedge, with 1,192.23 from calls and 535.85 from puts. The put-call delta ratio of 0.45 shows bullish positioning with call dominance, potentially providing upward momentum but leaving the market vulnerable to sharp pullbacks. The largest delta concentration at Feb 20, 26 with 724.84 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.
HCM DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 5.54 | -42.94 | -37.4 | 7.75 |
| Oct 17, 25 | 0 | 0 | 0 | n/a |
| Nov 21, 25 | 358.69 | -389.75 | -31.06 | 1.09 |
| Feb 20, 26 | 828 | -103.16 | 724.84 | 0.12 |