PAR Technology Corporatio... (PAR)
NYSE: PAR
· Real-Time Price · USD
53.71
1.90 (3.67%)
At close: Aug 15, 2025, 2:17 PM
PAR Delta Exposure By Expiry
The total Delta Exposure (DEX) for PAR across all expirations shows 11,146.61 net shares that market makers must hedge, with 28,692.43 from calls and 17,545.82 from puts. The put-call delta ratio of 0.61 suggests neutral market maker positioning. The largest delta concentration at Jan 16, 26 with 7,016.58 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.
PAR DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 2,503.98 | -263.49 | 2,240.49 | 0.11 |
| Oct 17, 25 | 2,639.72 | -2,466.17 | 173.55 | 0.93 |
| Dec 19, 25 | 13,747.25 | -13,448.47 | 298.78 | 0.98 |
| Jan 16, 26 | 8,094.81 | -1,078.23 | 7,016.58 | 0.13 |
| Apr 17, 26 | 0 | 0 | 0 | n/a |
| Jul 17, 26 | 133.98 | -45.11 | 88.87 | 0.34 |
| Oct 16, 26 | 1,572.69 | -244.35 | 1,328.34 | 0.16 |