Remitly Global Inc. (RELY)

The total Delta Exposure (DEX) for RELY across all expirations shows 356,732.09 net shares that market makers must hedge, with 416,970.97 from calls and 60,238.88 from puts. The put-call delta ratio of 0.14 shows bullish positioning with call dominance, potentially providing upward momentum but leaving the market vulnerable to sharp pullbacks. The largest delta concentration at Oct 17, 25 with 193,795.86 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.