CarMax Inc. (KMX)
NYSE: KMX
· Real-Time Price · USD
61.35
-0.82 (-1.32%)
At close: Aug 29, 2025, 3:59 PM
61.89
0.88%
After-hours: Aug 29, 2025, 07:36 PM EDT
KMX Delta Exposure By Expiry
The total Delta Exposure (DEX) for KMX across all expirations shows 392,725.39 net shares that market makers must hedge, with 890,333.9 from calls and 497,608.51 from puts. The put-call delta ratio of 0.56 suggests neutral market maker positioning. The largest delta concentration at Sep 19, 25 with 221,673.89 net DEX represents significant hedging pressure that may cap upside moves. The nearest expiration on Sep 19, 25 carries positive delta requiring market makers to short shares, potentially creating resistance.
KMX DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 452,911.47 | -231,237.58 | 221,673.89 | 0.51 |
| Oct 17, 25 | 146,685.7 | -110,789.46 | 35,896.24 | 0.76 |
| Jan 16, 26 | 189,105 | -139,161.86 | 49,943.14 | 0.74 |
| Apr 17, 26 | 18,323.26 | -3,394.59 | 14,928.67 | 0.19 |
| Jan 15, 27 | 83,308.47 | -13,025.02 | 70,283.45 | 0.16 |