Lennar Corporation (LEN)
NYSE: LEN
· Real-Time Price · USD
130.95
-3.30 (-2.46%)
At close: Aug 20, 2025, 1:35 PM
LEN Delta Exposure By Expiry
The total Delta Exposure (DEX) for LEN across all expirations shows 2,840,310.1 net shares that market makers must hedge, with 3,466,282.7 from calls and 625,972.6 from puts. The put-call delta ratio of 0.18 shows bullish positioning with call dominance, potentially providing upward momentum but leaving the market vulnerable to sharp pullbacks. The largest delta concentration at Sep 19, 25 with 760,847.67 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.
LEN DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Aug 22, 25 | 203,903.55 | -50,268.46 | 153,635.09 | 0.25 |
| Aug 29, 25 | 158,169.24 | -7,627.03 | 150,542.21 | 0.05 |
| Sep 5, 25 | 112,870.25 | -6,784.84 | 106,085.41 | 0.06 |
| Sep 12, 25 | 22,653.64 | -3,568.16 | 19,085.48 | 0.16 |
| Sep 19, 25 | 856,951.05 | -96,103.38 | 760,847.67 | 0.11 |
| Sep 26, 25 | 17,122.6 | -8,571.66 | 8,550.94 | 0.50 |
| Oct 17, 25 | 18,393.96 | -7,618.45 | 10,775.51 | 0.41 |
| Nov 21, 25 | 513,698.43 | -121,471.16 | 392,227.27 | 0.24 |
| Dec 19, 25 | 469,206.65 | -75,651.08 | 393,555.57 | 0.16 |
| Jan 16, 26 | 543,198 | -142,454.2 | 400,743.8 | 0.26 |
| Feb 20, 26 | 53,339.8 | -5,555.45 | 47,784.35 | 0.10 |
| Mar 20, 26 | 115,606.77 | -30,981.97 | 84,624.8 | 0.27 |
| Jun 18, 26 | 205,754.44 | -28,482.32 | 177,272.12 | 0.14 |
| Sep 18, 26 | 29,526.31 | -10,647.44 | 18,878.87 | 0.36 |
| Jan 15, 27 | 145,888.01 | -30,187 | 115,701.01 | 0.21 |