NatWest Group (NWG)
NYSE: NWG
· Real-Time Price · USD
14.96
0.13 (0.88%)
At close: Aug 18, 2025, 3:59 PM
15.00
0.27%
Pre-market: Aug 19, 2025, 05:54 AM EDT
NWG Delta Exposure By Expiry
The total Delta Exposure (DEX) for NWG across all expirations shows 12,296.59 net shares that market makers must hedge, with 26,266.33 from calls and 13,969.74 from puts. The put-call delta ratio of 0.53 suggests neutral market maker positioning. The largest delta concentration at Nov 21, 25 with 10,982.19 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.
NWG DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 1,476.14 | -792.11 | 684.03 | 0.54 |
| Oct 17, 25 | 261.8 | 0 | 261.8 | 0.00 |
| Nov 21, 25 | 17,482.11 | -6,499.92 | 10,982.19 | 0.37 |
| Jan 16, 26 | 0 | 0 | 0 | n/a |
| Feb 20, 26 | 7,046.28 | -6,677.71 | 368.57 | 0.95 |