Zurn Elkay Water Solution... (ZWS)
NYSE: ZWS
· Real-Time Price · USD
45.26
0.21 (0.47%)
At close: Aug 19, 2025, 3:59 PM
ZWS Delta Exposure By Expiry
The total Delta Exposure (DEX) for ZWS across all expirations shows 18,851.49 net shares that market makers must hedge, with 19,124.21 from calls and 272.72 from puts. The put-call delta ratio of 0.01 shows bullish positioning with call dominance, potentially providing upward momentum but leaving the market vulnerable to sharp pullbacks. The largest delta concentration at Nov 21, 25 with 12,772.17 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.
ZWS DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 862.74 | -206.57 | 656.17 | 0.24 |
| Oct 17, 25 | 0 | -12.07 | -12.07 | n/a |
| Nov 21, 25 | 12,826.25 | -54.08 | 12,772.17 | 0.00 |
| Feb 20, 26 | 5,435.22 | 0 | 5,435.22 | 0.00 |
| Dec 18, 26 | 0 | 0 | 0 | n/a |