Kellanova (K)
NYSE: K
· Real-Time Price · USD
80.06
0.04 (0.05%)
At close: Aug 19, 2025, 3:59 PM
K Delta Exposure By Expiry
The total Delta Exposure (DEX) for K across all expirations shows -181,739.61 net shares that market makers must hedge, with 320,766.88 from calls and 502,506.49 from puts. The put-call delta ratio of 1.57 indicates defensive positioning with heavy put protection, which could accelerate downward moves if breached. The largest delta concentration at Sep 19, 25 with -309,979.6 net DEX represents significant hedging pressure that could fuel downside acceleration. The nearest expiration on Sep 19, 25 carries negative delta forcing market makers to buy shares, potentially providing support.
K DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 36,967.76 | -346,947.36 | -309,979.6 | 9.39 |
| Oct 17, 25 | 0 | 0 | 0 | n/a |
| Dec 19, 25 | 23,142.58 | -44,648.25 | -21,505.67 | 1.93 |
| Jan 16, 26 | 147,862.16 | -92,726.67 | 55,135.49 | 0.63 |
| Mar 20, 26 | 739.98 | -483.38 | 256.6 | 0.65 |
| Jun 18, 26 | 179 | -249.54 | -70.54 | 1.39 |
| Jan 15, 27 | 111,875.4 | -17,451.29 | 94,424.11 | 0.16 |