Iovance Biotherapeutics I... (IOVA)
NASDAQ: IOVA
· Real-Time Price · USD
2.49
-0.06 (-2.35%)
At close: Aug 18, 2025, 3:59 PM
IOVA Delta Exposure By Expiry
The total Delta Exposure (DEX) for IOVA across all expirations shows 153,946.97 net shares that market makers must hedge, with 180,237.79 from calls and 26,290.82 from puts. The put-call delta ratio of 0.15 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 62,731.36 net DEX represents significant hedging pressure that may cap upside moves. The nearest expiration on Aug 22, 25 carries positive delta requiring market makers to short shares, potentially creating resistance.
IOVA DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Aug 22, 25 | 5,451.53 | -384.48 | 5,067.05 | 0.07 |
| Aug 29, 25 | 2,436.9 | -116.74 | 2,320.16 | 0.05 |
| Sep 5, 25 | 1,339.54 | -34.92 | 1,304.62 | 0.03 |
| Sep 12, 25 | 161.13 | -142.26 | 18.87 | 0.88 |
| Sep 19, 25 | 19,234.8 | -3,566.36 | 15,668.44 | 0.19 |
| Sep 26, 25 | 580.78 | 0 | 580.78 | 0.00 |
| Oct 17, 25 | 116.24 | 0 | 116.24 | 0.00 |
| Dec 19, 25 | 11,094.9 | -1,890.78 | 9,204.12 | 0.17 |
| Jan 16, 26 | 79,531.61 | -16,800.25 | 62,731.36 | 0.21 |
| Mar 20, 26 | 3,307.12 | -135.9 | 3,171.22 | 0.04 |
| Jan 15, 27 | 56,983.24 | -3,219.13 | 53,764.11 | 0.06 |