UroGen Pharma Ltd. (URGN)
NASDAQ: URGN
· Real-Time Price · USD
19.78
0.47 (2.43%)
At close: Aug 21, 2025, 3:59 PM
18.72
-5.34%
After-hours: Aug 21, 2025, 07:20 PM EDT
URGN Delta Exposure By Expiry
The total Delta Exposure (DEX) for URGN across all expirations shows 272,863.14 net shares that market makers must hedge, with 299,535.71 from calls and 26,672.57 from puts. The put-call delta ratio of 0.09 shows bullish positioning with call dominance, potentially providing upward momentum but leaving the market vulnerable to sharp pullbacks. The largest delta concentration at Sep 19, 25 with 185,492.07 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.
URGN DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 200,048.63 | -14,556.56 | 185,492.07 | 0.07 |
| Oct 17, 25 | 8,620.67 | -401.73 | 8,218.94 | 0.05 |
| Nov 21, 25 | 38,329.42 | -2,549.47 | 35,779.95 | 0.07 |
| Dec 19, 25 | 1,855.59 | -57.64 | 1,797.95 | 0.03 |
| Jan 16, 26 | 808.86 | 0 | 808.86 | 0.00 |
| Feb 20, 26 | 47,367.71 | -8,647.46 | 38,720.25 | 0.18 |
| Jun 18, 26 | 420.36 | -23.22 | 397.14 | 0.06 |
| Aug 21, 26 | 2,084.47 | -436.49 | 1,647.98 | 0.21 |
| Sep 23, 64 | 0 | 0 | 0 | n/a |