(VIOO)

The total Delta Exposure (DEX) for VIOO across all expirations shows 414.03 net shares that market makers must hedge, with 455.1 from calls and 41.07 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 Oct 17, 25 with 414.03 net DEX represents significant hedging pressure that may cap upside moves. The nearest expiration on Oct 17, 25 carries positive delta requiring market makers to short shares, potentially creating resistance.