YieldMax PYPL Option Inco... (PYPY)
AMEX: PYPY
· Real-Time Price · USD
11.55
-0.09 (-0.77%)
At close: Aug 19, 2025, 3:59 PM
11.59
0.35%
Pre-market: Aug 20, 2025, 08:22 AM EDT
PYPY Delta Exposure By Expiry
The total Delta Exposure (DEX) for PYPY across all expirations shows 45.45 net shares that market makers must hedge, with 146.03 from calls and 100.58 from puts. The put-call delta ratio of 0.69 suggests neutral market maker positioning. The largest delta concentration at Jan 16, 26 with 69.71 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.
PYPY DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 4.41 | -19.87 | -15.46 | 4.51 |
| Oct 17, 25 | 37.32 | -46.12 | -8.8 | 1.24 |
| Jan 16, 26 | 104.3 | -34.59 | 69.71 | 0.33 |
| Apr 17, 26 | 0 | 0 | 0 | n/a |