(HEFA)
CBOE: HEFA
· Real-Time Price · USD
38.74
-0.31 (-0.79%)
At close: Aug 29, 2025, 2:59 PM
HEFA Delta Exposure By Expiry
The total Delta Exposure (DEX) for HEFA across all expirations shows 716.29 net shares that market makers must hedge, with 815.71 from calls and 99.42 from puts. The put-call delta ratio of 0.12 shows bullish positioning with call dominance, potentially providing upward momentum but leaving the market vulnerable to sharp pullbacks. The largest delta concentration at Oct 17, 25 with 672.4 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.
HEFA DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 0 | 0 | 0 | n/a |
| Oct 17, 25 | 738.11 | -65.71 | 672.4 | 0.09 |
| Jan 16, 26 | 77.6 | -33.71 | 43.89 | 0.43 |
| Apr 17, 26 | 0 | 0 | 0 | n/a |