Plains All American Pipel... (PAA)
NASDAQ: PAA
· Real-Time Price · USD
17.22
-0.22 (-1.26%)
At close: Sep 05, 2025, 3:59 PM
PAA Delta Exposure By Expiry
The total Delta Exposure (DEX) for PAA across all expirations shows 101,447.5 net shares that market makers must hedge, with 424,504.97 from calls and 323,057.47 from puts. The put-call delta ratio of 0.76 suggests neutral market maker positioning.
PAA DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 12, 25 | 21,556.93 | -1,841.56 | 19,715.37 | 0.09 |
| Sep 19, 25 | 15,876.25 | -3,264.24 | 12,612.01 | 0.21 |
| Sep 26, 25 | 12,196.18 | -173.31 | 12,022.87 | 0.01 |
| Oct 3, 25 | 2,057.75 | -11.56 | 2,046.19 | 0.01 |
| Oct 10, 25 | 438.56 | -175.16 | 263.4 | 0.40 |
| Oct 17, 25 | 42,710.14 | -80,457.98 | -37,747.84 | 1.88 |
| Oct 24, 25 | 0 | 0 | 0 | n/a |
| Nov 21, 25 | 150,729.11 | -22,992.29 | 127,736.82 | 0.15 |
| Jan 16, 26 | 83,264.69 | -152,498.66 | -69,233.97 | 1.83 |
| Feb 20, 26 | 19,739.07 | -6,016.34 | 13,722.73 | 0.30 |
| Dec 18, 26 | 0 | 0 | 0 | n/a |
| Jan 15, 27 | 75,936.29 | -55,626.37 | 20,309.92 | 0.73 |