Lamar Advertising (LAMR)
LAMR Daily Delta Exposure
LAMR's current Delta Exposure (DEX) is 26.34K shares, which is 10% smaller than the 3M average of 29.38K shares. During this period, DEX ranged from 3.5K on Aug 11, 2025 to 306.38K on Aug 14, 2025, with dealers maintaining net short exposure requiring continuous hedging. Delta exposure has been increasing recently, forcing increased dealer shorting that could cap rallies. The current put-call delta ratio of 0.85 reflects balanced options positioning. Moderate DEX levels suggest normal market maker hedging activity.
DEX History
Date | Call Delta | Put Delta | Net Delta | P/C Delta |
---|---|---|---|---|
Aug 18, 2025 | 172,904.15 | -146,566 | 26,338.15 | 0.85 |
Aug 15, 2025 | 258,182.86 | -15,770.58 | 242,412.28 | 0.06 |
Aug 14, 2025 | 319,474.78 | -13,099.17 | 306,375.61 | 0.04 |
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