News Corporation (NWS)
NASDAQ: NWS
· Real-Time Price · USD
34.56
0.33 (0.96%)
At close: Aug 19, 2025, 3:59 PM
34.57
0.03%
After-hours: Aug 19, 2025, 04:20 PM EDT
NWS Delta Exposure By Expiry
The total Delta Exposure (DEX) for NWS across all expirations shows 717.27 net shares that market makers must hedge, with 1,630.47 from calls and 913.2 from puts. The put-call delta ratio of 0.56 suggests neutral market maker positioning. The largest delta concentration at Oct 17, 25 with 384.74 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.
NWS DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 103.91 | 0 | 103.91 | 0.00 |
| Oct 17, 25 | 1,281.19 | -896.45 | 384.74 | 0.70 |
| Jan 16, 26 | 245.37 | -16.75 | 228.62 | 0.07 |
| Apr 17, 26 | 0 | 0 | 0 | n/a |