Viper Energy Inc. (VNOM)
NASDAQ: VNOM
· Real-Time Price · USD
38.80
1.64 (4.41%)
At close: Aug 22, 2025, 12:37 PM
VNOM Delta Exposure By Expiry
The total Delta Exposure (DEX) for VNOM across all expirations shows 13,648.3 net shares that market makers must hedge, with 95,111.93 from calls and 81,463.63 from puts. The put-call delta ratio of 0.86 suggests neutral market maker positioning. The largest delta concentration at Sep 19, 25 with 7,937.4 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.
VNOM DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 44,172.31 | -36,234.91 | 7,937.4 | 0.82 |
| Oct 17, 25 | 878.95 | -3,539.38 | -2,660.43 | 4.03 |
| Nov 21, 25 | 21,959.06 | -20,212.39 | 1,746.67 | 0.92 |
| Dec 19, 25 | 18,023.14 | -15,042.1 | 2,981.04 | 0.83 |
| Jan 16, 26 | 0 | 0 | 0 | n/a |
| Mar 20, 26 | 10,078.47 | -6,434.85 | 3,643.62 | 0.64 |