Eli Lilly and (LLY)
NYSE: LLY
· Real-Time Price · USD
705.14
1.93 (0.27%)
At close: Aug 20, 2025, 3:59 PM
703.20
-0.28%
After-hours: Aug 20, 2025, 07:59 PM EDT
LLY Delta Exposure By Expiry
The total Delta Exposure (DEX) for LLY across all expirations shows 16,961,123.12 net shares that market makers must hedge, with 59,780,091.32 from calls and 42,818,968.2 from puts. The put-call delta ratio of 0.72 suggests neutral market maker positioning. The largest delta concentration at Aug 22, 25 with 8,960,402.07 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.
LLY DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Aug 22, 25 | 11,299,754.42 | -2,339,352.35 | 8,960,402.07 | 0.21 |
| Aug 29, 25 | 3,306,651.73 | -1,166,040.76 | 2,140,610.97 | 0.35 |
| Sep 5, 25 | 2,387,465.61 | -1,467,515.33 | 919,950.28 | 0.61 |
| Sep 12, 25 | 1,218,359.25 | -314,654.54 | 903,704.71 | 0.26 |
| Sep 19, 25 | 7,436,375.01 | -8,650,991.12 | -1,214,616.11 | 1.16 |
| Sep 26, 25 | 1,076,321.54 | -171,807.54 | 904,514 | 0.16 |
| Oct 17, 25 | 4,102,777.11 | -3,495,763.08 | 607,014.03 | 0.85 |
| Nov 21, 25 | 1,884,556.03 | -1,808,917.77 | 75,638.26 | 0.96 |
| Dec 19, 25 | 5,818,962.41 | -3,393,774.46 | 2,425,187.95 | 0.58 |
| Jan 16, 26 | 5,516,674.56 | -8,534,255.43 | -3,017,580.87 | 1.55 |
| Feb 20, 26 | 1,726,514.28 | -445,955.84 | 1,280,558.44 | 0.26 |
| Mar 20, 26 | 3,224,821.2 | -2,508,094.21 | 716,726.99 | 0.78 |
| Apr 17, 26 | 52,762.59 | -23,703.46 | 29,059.13 | 0.45 |
| Jun 18, 26 | 2,473,662.24 | -2,582,653.42 | -108,991.18 | 1.04 |
| Sep 18, 26 | 749,956.65 | -691,778.73 | 58,177.92 | 0.92 |
| Dec 18, 26 | 1,711,219.6 | -1,959,208.7 | -247,989.1 | 1.14 |
| Jan 15, 27 | 2,718,731.63 | -2,524,189.73 | 194,541.9 | 0.93 |
| Jun 17, 27 | 3,074,525.46 | -740,311.73 | 2,334,213.73 | 0.24 |