Natera Inc. (NTRA)
NASDAQ: NTRA
· Real-Time Price · USD
164.94
2.99 (1.85%)
At close: Aug 22, 2025, 12:36 PM
NTRA Delta Exposure By Expiry
The total Delta Exposure (DEX) for NTRA across all expirations shows 904,320.45 net shares that market makers must hedge, with 1,000,365.18 from calls and 96,044.73 from puts. The put-call delta ratio of 0.10 shows bullish positioning with call dominance, potentially providing upward momentum but leaving the market vulnerable to sharp pullbacks. The largest delta concentration at Nov 21, 25 with 245,620.71 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.
NTRA DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 254,935.66 | -17,623.62 | 237,312.04 | 0.07 |
| Oct 17, 25 | 207,326.75 | -12,655.2 | 194,671.55 | 0.06 |
| Nov 21, 25 | 245,993.9 | -373.19 | 245,620.71 | 0.00 |
| Dec 19, 25 | 199,346.44 | -54,868.97 | 144,477.47 | 0.28 |
| Jan 16, 26 | 91,937.71 | -10,523.75 | 81,413.96 | 0.11 |
| Apr 17, 26 | 824.72 | 0 | 824.72 | 0.00 |