RenaissanceRe Ltd. (RNR)
NYSE: RNR
· Real-Time Price · USD
247.18
0.78 (0.32%)
At close: Sep 04, 2025, 11:47 AM
RNR Delta Exposure By Expiry
The total Delta Exposure (DEX) for RNR across all expirations shows 42,928.34 net shares that market makers must hedge, with 61,610.05 from calls and 18,681.71 from puts. The put-call delta ratio of 0.30 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 38,343.64 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.
RNR DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 5,403.26 | -2,002.8 | 3,400.46 | 0.37 |
| Oct 17, 25 | 53,099.56 | -14,755.92 | 38,343.64 | 0.28 |
| Jan 16, 26 | 2,031.77 | -1,669.32 | 362.45 | 0.82 |
| Apr 17, 26 | 1,075.46 | -253.67 | 821.79 | 0.24 |