Lennox International Inc. (LII)
NYSE: LII
· Real-Time Price · USD
591.87
21.23 (3.72%)
At close: Aug 22, 2025, 3:59 PM
591.61
-0.04%
After-hours: Aug 22, 2025, 05:35 PM EDT
LII Delta Exposure By Expiry
The total Delta Exposure (DEX) for LII across all expirations shows -299,199.85 net shares that market makers must hedge, with 148,829.43 from calls and 448,029.28 from puts. The put-call delta ratio of 3.01 indicates defensive positioning with heavy put protection, which could accelerate downward moves if breached. The largest delta concentration at Dec 19, 25 with -339,797.2 net DEX represents significant hedging pressure that could fuel downside acceleration. The nearest expiration on Sep 19, 25 carries positive delta requiring market makers to short shares, potentially creating resistance.
LII DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 74,434.12 | -68,503.19 | 5,930.93 | 0.92 |
| Oct 17, 25 | 4,230.86 | -1,046.28 | 3,184.58 | 0.25 |
| Nov 21, 25 | 37,591.73 | -6,903.32 | 30,688.41 | 0.18 |
| Dec 19, 25 | 29,850.12 | -369,647.32 | -339,797.2 | 12.38 |
| Mar 20, 26 | 2,722.6 | -1,929.17 | 793.43 | 0.71 |