Annaly Capital Management... (NLY)
NYSE: NLY
· Real-Time Price · USD
21.14
0.60 (2.92%)
At close: Aug 22, 2025, 3:59 PM
21.12
-0.07%
After-hours: Aug 22, 2025, 07:56 PM EDT
NLY Delta Exposure By Expiry
The total Delta Exposure (DEX) for NLY across all expirations shows 346,753.3 net shares that market makers must hedge, with 624,839.4 from calls and 278,086.1 from puts. The put-call delta ratio of 0.45 shows bullish positioning with call dominance, potentially providing upward momentum but leaving the market vulnerable to sharp pullbacks. The largest delta concentration at Jan 16, 26 with 116,050.13 net DEX represents significant hedging pressure that may cap upside moves. The nearest expiration on Aug 29, 25 carries positive delta requiring market makers to short shares, potentially creating resistance.
NLY DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Aug 29, 25 | 81,590.96 | -3,276.13 | 78,314.83 | 0.04 |
| Sep 5, 25 | 52,312.68 | -17,653.54 | 34,659.14 | 0.34 |
| Sep 12, 25 | 9,442.13 | -2,346.61 | 7,095.52 | 0.25 |
| Sep 19, 25 | 76,570.01 | -19,713.52 | 56,856.49 | 0.26 |
| Sep 26, 25 | 6,208.36 | -524.34 | 5,684.02 | 0.08 |
| Oct 3, 25 | 0 | -6.01 | -6.01 | n/a |
| Oct 17, 25 | 112,863.22 | -110,296.26 | 2,566.96 | 0.98 |
| Nov 21, 25 | 14,027.76 | -393.72 | 13,634.04 | 0.03 |
| Jan 16, 26 | 197,739.76 | -81,689.63 | 116,050.13 | 0.41 |
| Apr 17, 26 | 11,009.09 | -1,740.55 | 9,268.54 | 0.16 |
| Jan 15, 27 | 63,075.43 | -40,445.79 | 22,629.64 | 0.64 |