Morningstar Inc. (MORN)
NASDAQ: MORN
· Real-Time Price · USD
262.29
1.92 (0.74%)
At close: Aug 20, 2025, 3:59 PM
262.28
0.00%
After-hours: Aug 20, 2025, 07:53 PM EDT
MORN Delta Exposure By Expiry
The total Delta Exposure (DEX) for MORN across all expirations shows 261,828.54 net shares that market makers must hedge, with 276,873.28 from calls and 15,044.74 from puts. The put-call delta ratio of 0.05 shows bullish positioning with call dominance, potentially providing upward momentum but leaving the market vulnerable to sharp pullbacks. The largest delta concentration at Mar 20, 26 with 235,031.75 net DEX represents significant hedging pressure that may cap upside moves. The nearest expiration on Sep 19, 25 carries negative delta forcing market makers to buy shares, potentially providing support.
MORN DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 5,769.67 | -12,728.15 | -6,958.48 | 2.21 |
| Oct 17, 25 | 416.94 | -120.18 | 296.76 | 0.29 |
| Dec 19, 25 | 1,405.57 | -1,894.48 | -488.91 | 1.35 |
| Jan 16, 26 | 33,947.42 | 0 | 33,947.42 | 0.00 |
| Mar 20, 26 | 235,333.68 | -301.93 | 235,031.75 | 0.00 |