Virgin Galactic Inc. (SPCE)
NYSE: SPCE
· Real-Time Price · USD
2.98
0.00 (0.00%)
At close: Aug 21, 2025, 3:59 PM
2.99
0.34%
Pre-market: Aug 22, 2025, 07:48 AM EDT
SPCE Delta Exposure By Expiry
The total Delta Exposure (DEX) for SPCE across all expirations shows 23,048.27 net shares that market makers must hedge, with 102,005.74 from calls and 78,957.47 from puts. The put-call delta ratio of 0.77 suggests neutral market maker positioning. The largest delta concentration at Jan 15, 27 with 35,033.93 net DEX represents significant hedging pressure that may cap upside moves. The nearest expiration on Aug 29, 25 carries negative delta forcing market makers to buy shares, potentially providing support.
SPCE DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Aug 29, 25 | 1,156.96 | -1,838.4 | -681.44 | 1.59 |
| Sep 5, 25 | 1,501.58 | -784.22 | 717.36 | 0.52 |
| Sep 12, 25 | 883.46 | -362.05 | 521.41 | 0.41 |
| Sep 19, 25 | 1,845.3 | -7,500.63 | -5,655.33 | 4.06 |
| Sep 26, 25 | 945.82 | -200.65 | 745.17 | 0.21 |
| Oct 3, 25 | 0 | 0 | 0 | n/a |
| Oct 17, 25 | 12,945.58 | -7,163.85 | 5,781.73 | 0.55 |
| Dec 19, 25 | 3,720.6 | -16,938.79 | -13,218.19 | 4.55 |
| Jan 16, 26 | 24,375.25 | -24,830.84 | -455.59 | 1.02 |
| Apr 17, 26 | 269.88 | -10.66 | 259.22 | 0.04 |
| Jan 15, 27 | 54,361.31 | -19,327.38 | 35,033.93 | 0.36 |