(VNQ)
AMEX: VNQ
· Real-Time Price · USD
90.61
-0.10 (-0.11%)
At close: Sep 03, 2025, 12:21 PM
VNQ Delta Exposure By Expiry
The total Delta Exposure (DEX) for VNQ across all expirations shows 32,939.24 net shares that market makers must hedge, with 600,387.31 from calls and 567,448.07 from puts. The put-call delta ratio of 0.95 suggests neutral market maker positioning. The largest delta concentration at Sep 19, 25 with 148,919.28 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.
VNQ DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 244,497.17 | -95,577.89 | 148,919.28 | 0.39 |
| Oct 17, 25 | 27,824.55 | -18,921.74 | 8,902.81 | 0.68 |
| Dec 19, 25 | 28,814.73 | -13,769.71 | 15,045.02 | 0.48 |
| Jan 16, 26 | 207,131.44 | -324,251.29 | -117,119.85 | 1.57 |
| Mar 20, 26 | 13,241.51 | -8,136.8 | 5,104.71 | 0.61 |
| Jan 15, 27 | 78,877.91 | -106,790.64 | -27,912.73 | 1.35 |