National Grid (NGG)
NYSE: NGG
· Real-Time Price · USD
70.86
-0.87 (-1.21%)
At close: Aug 28, 2025, 3:59 PM
70.85
-0.01%
After-hours: Aug 28, 2025, 05:44 PM EDT
NGG Delta Exposure By Expiry
The total Delta Exposure (DEX) for NGG across all expirations shows 124,420.64 net shares that market makers must hedge, with 175,724.08 from calls and 51,303.44 from puts. The put-call delta ratio of 0.29 shows bullish positioning with call dominance, potentially providing upward momentum but leaving the market vulnerable to sharp pullbacks. The largest delta concentration at Sep 19, 25 with 88,339.22 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.
NGG DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 106,319.59 | -17,980.37 | 88,339.22 | 0.17 |
| Oct 17, 25 | 7,320.54 | -474.74 | 6,845.8 | 0.06 |
| Dec 19, 25 | 28,498.35 | -25,020.97 | 3,477.38 | 0.88 |
| Jan 16, 26 | 8,679 | 0 | 8,679 | 0.00 |
| Feb 20, 26 | 22,336.39 | -4,575.5 | 17,760.89 | 0.20 |
| Mar 20, 26 | 2,570.21 | -3,251.86 | -681.65 | 1.27 |
| Dec 18, 26 | 0 | 0 | 0 | n/a |