Reinsurance Group of Amer... (RGA)
NYSE: RGA
· Real-Time Price · USD
194.82
3.47 (1.81%)
At close: Aug 22, 2025, 12:36 PM
RGA Delta Exposure By Expiry
The total Delta Exposure (DEX) for RGA across all expirations shows 227,459.47 net shares that market makers must hedge, with 241,914.16 from calls and 14,454.69 from puts. The put-call delta ratio of 0.06 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 228,743.05 net DEX represents significant hedging pressure that may cap upside moves. The nearest expiration on Sep 19, 25 carries negative delta forcing market makers to buy shares, potentially providing support.
RGA DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 843.21 | -3,913.8 | -3,070.59 | 4.64 |
| Oct 17, 25 | 237,840.73 | -9,097.68 | 228,743.05 | 0.04 |
| Jan 16, 26 | 3,230.22 | -1,382.8 | 1,847.42 | 0.43 |
| Apr 17, 26 | 0 | -60.41 | -60.41 | n/a |