Seadrill Limited (SDRL)
NYSE: SDRL
· Real-Time Price · USD
29.21
0.20 (0.69%)
At close: Aug 18, 2025, 3:59 PM
29.75
1.83%
After-hours: Aug 18, 2025, 07:31 PM EDT
SDRL Delta Exposure By Expiry
The total Delta Exposure (DEX) for SDRL across all expirations shows 75,014.7 net shares that market makers must hedge, with 84,704.52 from calls and 9,689.82 from puts. The put-call delta ratio of 0.11 shows bullish positioning with call dominance, potentially providing upward momentum but leaving the market vulnerable to sharp pullbacks. The largest delta concentration at Dec 19, 25 with 62,962.74 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.
SDRL DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 11,381.73 | -3,807.32 | 7,574.41 | 0.33 |
| Oct 17, 25 | 1,665.23 | -1,407.88 | 257.35 | 0.85 |
| Dec 19, 25 | 66,356.04 | -3,393.3 | 62,962.74 | 0.05 |
| Jan 16, 26 | 5,301.52 | -1,081.32 | 4,220.2 | 0.20 |
| Apr 17, 26 | 0 | 0 | 0 | n/a |