Newsmax Inc. (NMAX)
NYSE: NMAX
· Real-Time Price · USD
13.33
-0.51 (-3.68%)
At close: Sep 04, 2025, 3:09 PM
NMAX Delta Exposure By Expiry
The total Delta Exposure (DEX) for NMAX across all expirations shows 19,843.51 net shares that market makers must hedge, with 71,922.61 from calls and 52,079.1 from puts. The put-call delta ratio of 0.72 suggests neutral market maker positioning. The largest delta concentration at Sep 19, 25 with 9,812.87 net DEX represents significant hedging pressure that may cap upside moves. The nearest expiration on Sep 5, 25 carries negative delta forcing market makers to buy shares, potentially providing support.
NMAX DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 5, 25 | 5,667.06 | -10,053.4 | -4,386.34 | 1.77 |
| Sep 12, 25 | 2,070.54 | -2,952.14 | -881.6 | 1.43 |
| Sep 19, 25 | 13,906.12 | -4,093.25 | 9,812.87 | 0.29 |
| Sep 26, 25 | 991.42 | -415.42 | 576 | 0.42 |
| Oct 3, 25 | 166.31 | -30.5 | 135.81 | 0.18 |
| Oct 10, 25 | 5.86 | -6.89 | -1.03 | 1.18 |
| Oct 17, 25 | 21,202.57 | -21,467.5 | -264.93 | 1.01 |
| Jan 16, 26 | 20,315.44 | -10,794.61 | 9,520.83 | 0.53 |
| Apr 17, 26 | 1,304.81 | -1,052.69 | 252.12 | 0.81 |
| Jan 15, 27 | 6,292.48 | -1,212.7 | 5,079.78 | 0.19 |