Global Payments Inc. (GPN)
NYSE: GPN
· Real-Time Price · USD
87.19
0.00 (0.00%)
At close: Aug 15, 2025, 2:39 PM
GPN Delta Exposure By Expiry
The total Delta Exposure (DEX) for GPN across all expirations shows 680,799.51 net shares that market makers must hedge, with 1,451,212.18 from calls and 770,412.67 from puts. The put-call delta ratio of 0.53 suggests neutral market maker positioning. The largest delta concentration at Jan 15, 27 with 335,455.07 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.
GPN DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 303,915.13 | -206,593.25 | 97,321.88 | 0.68 |
| Oct 17, 25 | 0 | 0 | 0 | n/a |
| Nov 21, 25 | 193,210.88 | -150,491.5 | 42,719.38 | 0.78 |
| Jan 16, 26 | 414,238.25 | -293,098.07 | 121,140.18 | 0.71 |
| Feb 20, 26 | 12,871.57 | -692.48 | 12,179.09 | 0.05 |
| Mar 20, 26 | 76,635.94 | -13,212.87 | 63,423.07 | 0.17 |
| Jun 18, 26 | 24,883.19 | -11,571.7 | 13,311.49 | 0.47 |
| Sep 18, 26 | 5,609.53 | -21,318.94 | -15,709.41 | 3.80 |
| Dec 18, 26 | 10,958.76 | 0 | 10,958.76 | 0.00 |
| Jan 15, 27 | 408,888.93 | -73,433.86 | 335,455.07 | 0.18 |