(ICLN)
NASDAQ: ICLN
· Real-Time Price · USD
14.46
-0.21 (-1.43%)
At close: Aug 25, 2025, 1:49 PM
ICLN Delta Exposure By Expiry
The total Delta Exposure (DEX) for ICLN across all expirations shows 140,002.18 net shares that market makers must hedge, with 229,261.63 from calls and 89,259.45 from puts. The put-call delta ratio of 0.39 shows bullish positioning with call dominance, potentially providing upward momentum but leaving the market vulnerable to sharp pullbacks. The largest delta concentration at Jan 16, 26 with 83,359.49 net DEX represents significant hedging pressure that may cap upside moves. The nearest expiration on Aug 29, 25 carries positive delta requiring market makers to short shares, potentially creating resistance.
ICLN DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Aug 29, 25 | 446.41 | -14.08 | 432.33 | 0.03 |
| Sep 5, 25 | 552.9 | -88.05 | 464.85 | 0.16 |
| Sep 12, 25 | 141.01 | 0 | 141.01 | 0.00 |
| Sep 19, 25 | 4,879.7 | -1,626.82 | 3,252.88 | 0.33 |
| Sep 26, 25 | 29.34 | -36.47 | -7.13 | 1.24 |
| Oct 3, 25 | 0 | 0 | 0 | n/a |
| Oct 17, 25 | 32,919.28 | -4,006.39 | 28,912.89 | 0.12 |
| Jan 16, 26 | 146,473.55 | -63,114.06 | 83,359.49 | 0.43 |
| Apr 17, 26 | 231.84 | 0 | 231.84 | 0.00 |
| Jan 15, 27 | 43,587.6 | -20,373.58 | 23,214.02 | 0.47 |