Neurocrine Biosciences In... (NBIX)
NASDAQ: NBIX
· Real-Time Price · USD
135.23
2.00 (1.50%)
At close: Aug 21, 2025, 3:23 PM
NBIX Delta Exposure By Expiry
The total Delta Exposure (DEX) for NBIX across all expirations shows 94,082.82 net shares that market makers must hedge, with 196,500.88 from calls and 102,418.06 from puts. The put-call delta ratio of 0.52 suggests neutral market maker positioning. The largest delta concentration at Dec 19, 25 with 42,645.7 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.
NBIX DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 56,522.19 | -19,263.57 | 37,258.62 | 0.34 |
| Oct 17, 25 | 13,952.13 | -48.8 | 13,903.33 | 0.00 |
| Nov 21, 25 | 40,996.86 | -9,141.94 | 31,854.92 | 0.22 |
| Dec 19, 25 | 82,498.24 | -39,852.54 | 42,645.7 | 0.48 |
| Feb 20, 26 | 2,531.46 | -34,111.21 | -31,579.75 | 13.47 |