Paycom Software Inc. (PAYC)
NYSE: PAYC
· Real-Time Price · USD
217.84
1.84 (0.85%)
At close: Aug 15, 2025, 2:15 PM
PAYC Delta Exposure By Expiry
The total Delta Exposure (DEX) for PAYC across all expirations shows 37,008.92 net shares that market makers must hedge, with 385,370.78 from calls and 348,361.86 from puts. The put-call delta ratio of 0.90 suggests neutral market maker positioning. The largest delta concentration at Sep 19, 25 with -81,680.65 net DEX represents significant hedging pressure that could fuel downside acceleration. The nearest expiration on Sep 19, 25 carries negative delta forcing market makers to buy shares, potentially providing support.
PAYC DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 17,151.19 | -98,831.84 | -81,680.65 | 5.76 |
| Oct 17, 25 | 0 | 0 | 0 | n/a |
| Nov 21, 25 | 51,311.06 | -55,540.89 | -4,229.83 | 1.08 |
| Jan 16, 26 | 180,184.5 | -116,119.76 | 64,064.74 | 0.64 |
| Feb 20, 26 | 3,836.61 | -1,618.44 | 2,218.17 | 0.42 |
| Jun 18, 26 | 30,453.75 | -19,269.24 | 11,184.51 | 0.63 |
| Dec 18, 26 | 41,934.3 | -23,187.55 | 18,746.75 | 0.55 |
| Jan 15, 27 | 59,466.91 | -24,771.35 | 34,695.56 | 0.42 |
| Dec 17, 27 | 1,032.46 | -9,022.79 | -7,990.33 | 8.74 |