National Retail Propertie... (NNN)
NYSE: NNN
· Real-Time Price · USD
41.63
0.95 (2.34%)
At close: Aug 19, 2025, 3:59 PM
41.67
0.08%
After-hours: Aug 19, 2025, 07:54 PM EDT
NNN Delta Exposure By Expiry
The total Delta Exposure (DEX) for NNN across all expirations shows 36,081.64 net shares that market makers must hedge, with 67,329.06 from calls and 31,247.42 from puts. The put-call delta ratio of 0.46 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 36,404.08 net DEX represents significant hedging pressure that may cap upside moves. The nearest expiration on Sep 19, 25 carries negative delta forcing market makers to buy shares, potentially providing support.
NNN DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 12,856.26 | -16,586.47 | -3,730.21 | 1.29 |
| Oct 17, 25 | 29.13 | -176.4 | -147.27 | 6.06 |
| Dec 19, 25 | 14,398.9 | -12,360.69 | 2,038.21 | 0.86 |
| Jan 16, 26 | 36,404.08 | 0 | 36,404.08 | 0.00 |
| Mar 20, 26 | 3,640.69 | -2,123.86 | 1,516.83 | 0.58 |