Madison Square Garden Spo... (MSGS)
NYSE: MSGS
· Real-Time Price · USD
196.96
0.04 (0.02%)
At close: Aug 19, 2025, 10:30 AM
MSGS Delta Exposure By Expiry
The total Delta Exposure (DEX) for MSGS across all expirations shows 559.71 net shares that market makers must hedge, with 124,362.17 from calls and 123,802.46 from puts. The put-call delta ratio of 1.00 suggests neutral market maker positioning. The largest delta concentration at Sep 19, 25 with 69,709.51 net DEX represents significant hedging pressure that may cap upside moves. The nearest expiration on Sep 19, 25 carries positive delta requiring market makers to short shares, potentially creating resistance.
MSGS DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 76,875.25 | -7,165.74 | 69,709.51 | 0.09 |
| Oct 17, 25 | 1,402.01 | -518.39 | 883.62 | 0.37 |
| Nov 21, 25 | 20,476.54 | -29,271.8 | -8,795.26 | 1.43 |
| Feb 20, 26 | 24,875.97 | -86,846.53 | -61,970.56 | 3.49 |
| Dec 18, 26 | 732.4 | 0 | 732.4 | 0.00 |