Trip.com Group Limited (TCOM)
NASDAQ: TCOM
· Real-Time Price · USD
64.33
1.38 (2.19%)
At close: Aug 19, 2025, 9:48 AM
TCOM Delta Exposure By Expiry
The total Delta Exposure (DEX) for TCOM across all expirations shows 207,967.11 net shares that market makers must hedge, with 642,404.4 from calls and 434,437.29 from puts. The put-call delta ratio of 0.68 suggests neutral market maker positioning. The largest delta concentration at Jan 16, 26 with 235,337.35 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.
TCOM DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 171,845.87 | -255,193.8 | -83,347.93 | 1.49 |
| Oct 17, 25 | 596.27 | -255.88 | 340.39 | 0.43 |
| Dec 19, 25 | 36,680.29 | -51,041.27 | -14,360.98 | 1.39 |
| Jan 16, 26 | 322,269.27 | -86,931.92 | 235,337.35 | 0.27 |
| Mar 20, 26 | 8,163.3 | -7,734.05 | 429.25 | 0.95 |
| Jun 18, 26 | 8,233.93 | -22,888.97 | -14,655.04 | 2.78 |
| Jan 15, 27 | 94,615.47 | -10,391.4 | 84,224.07 | 0.11 |