Zoetis Inc. (ZTS)
NYSE: ZTS
· Real-Time Price · USD
154.25
1.93 (1.27%)
At close: Aug 19, 2025, 10:27 AM
ZTS Delta Exposure By Expiry
The total Delta Exposure (DEX) for ZTS across all expirations shows -42,831.16 net shares that market makers must hedge, with 724,687.25 from calls and 767,518.41 from puts. The put-call delta ratio of 1.06 indicates defensive positioning with heavy put protection, which could accelerate downward moves if breached. The largest delta concentration at Jan 15, 27 with 246,475.08 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.
ZTS DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 135,618.95 | -334,544 | -198,925.05 | 2.47 |
| Oct 17, 25 | 99,963.84 | -111,246.49 | -11,282.65 | 1.11 |
| Jan 16, 26 | 158,537.63 | -250,579.59 | -92,041.96 | 1.58 |
| Mar 20, 26 | 29,355.13 | -17,930.77 | 11,424.36 | 0.61 |
| Apr 17, 26 | 0 | 0 | 0 | n/a |
| Jun 18, 26 | 17,390.45 | -19,047.31 | -1,656.86 | 1.10 |
| Sep 18, 26 | 7,901.07 | -4,725.15 | 3,175.92 | 0.60 |
| Jan 15, 27 | 275,920.18 | -29,445.1 | 246,475.08 | 0.11 |