Corpay Inc. (CPAY)
NYSE: CPAY
· Real-Time Price · USD
317.44
-2.79 (-0.87%)
At close: Aug 15, 2025, 3:59 PM
317.66
0.07%
After-hours: Aug 15, 2025, 05:29 PM EDT
CPAY Delta Exposure By Expiry
The total Delta Exposure (DEX) for CPAY across all expirations shows 25,928.11 net shares that market makers must hedge, with 55,164.78 from calls and 29,236.67 from puts. The put-call delta ratio of 0.53 suggests neutral market maker positioning. The largest delta concentration at Jan 15, 27 with 8,507.15 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.
CPAY DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 20,596.96 | -16,274.24 | 4,322.72 | 0.79 |
| Oct 17, 25 | 0 | 0 | 0 | n/a |
| Nov 21, 25 | 9,824.44 | -3,818.51 | 6,005.93 | 0.39 |
| Feb 20, 26 | 7,582.93 | -490.62 | 7,092.31 | 0.06 |
| Jan 15, 27 | 17,160.45 | -8,653.3 | 8,507.15 | 0.50 |