Ovintiv Inc. (OVV)
NYSE: OVV
· Real-Time Price · USD
40.92
1.68 (4.28%)
At close: Aug 22, 2025, 3:59 PM
40.93
0.02%
Pre-market: Aug 25, 2025, 04:09 AM EDT
OVV Delta Exposure By Expiry
The total Delta Exposure (DEX) for OVV across all expirations shows 6,086.8 net shares that market makers must hedge, with 251,981.71 from calls and 245,894.91 from puts. The put-call delta ratio of 0.98 suggests neutral market maker positioning. The largest delta concentration at Jan 16, 26 with -84,484.76 net DEX represents significant hedging pressure that could fuel downside acceleration. The nearest expiration on Sep 19, 25 carries positive delta requiring market makers to short shares, potentially creating resistance.
OVV DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 50,632.18 | -15,338.52 | 35,293.66 | 0.30 |
| Oct 17, 25 | 73,452.3 | -11,800.84 | 61,651.46 | 0.16 |
| Nov 21, 25 | 41,789.86 | -55,890.72 | -14,100.86 | 1.34 |
| Jan 16, 26 | 73,386.66 | -157,871.42 | -84,484.76 | 2.15 |
| Apr 17, 26 | 119.79 | -40.05 | 79.74 | 0.33 |
| Jan 15, 27 | 12,600.92 | -4,953.36 | 7,647.56 | 0.39 |