Paychex Inc. (PAYX)
NASDAQ: PAYX
· Real-Time Price · USD
133.88
0.81 (0.61%)
At close: Sep 11, 2025, 9:49 AM
PAYX Delta Exposure By Expiry
The total Delta Exposure (DEX) for PAYX across all expirations shows -993,716.85 net shares that market makers must hedge, with 567,246.65 from calls and 1,560,963.5 from puts. The put-call delta ratio of 2.75 indicates defensive positioning with heavy put protection, which could accelerate downward moves if breached.
PAYX DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 80,953.97 | -541,482.53 | -460,528.56 | 6.69 |
| Oct 17, 25 | 67,827.65 | -490,945.67 | -423,118.02 | 7.24 |
| Nov 21, 25 | 76,616.97 | -117,132.77 | -40,515.8 | 1.53 |
| Dec 19, 25 | 48,825.52 | -77,603.11 | -28,777.59 | 1.59 |
| Jan 16, 26 | 203,604.36 | -220,739.95 | -17,135.59 | 1.08 |
| Mar 20, 26 | 21,358.9 | -39,920.34 | -18,561.44 | 1.87 |
| Jun 18, 26 | 19,941.21 | -43,026.63 | -23,085.42 | 2.16 |
| Sep 18, 26 | 8,678.43 | -17,692.92 | -9,014.49 | 2.04 |
| Jan 15, 27 | 39,439.64 | -12,419.58 | 27,020.06 | 0.31 |