Paychex Inc. (PAYX)
NASDAQ: PAYX
· Real-Time Price · USD
138.13
0.64 (0.47%)
At close: Aug 15, 2025, 3:59 PM
138.80
0.49%
After-hours: Aug 15, 2025, 06:48 PM EDT
PAYX Delta Exposure By Expiry
The total Delta Exposure (DEX) for PAYX across all expirations shows -653,454 net shares that market makers must hedge, with 608,098.15 from calls and 1,261,552.15 from puts. The put-call delta ratio of 2.07 indicates defensive positioning with heavy put protection, which could accelerate downward moves if breached. The largest delta concentration at Sep 19, 25 with -399,412.18 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.
PAYX DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 131,273.18 | -530,685.36 | -399,412.18 | 4.04 |
| Oct 17, 25 | 85,020.1 | -326,163.26 | -241,143.16 | 3.84 |
| Nov 21, 25 | 89,867.45 | -73,217.9 | 16,649.55 | 0.81 |
| Dec 19, 25 | 54,933.43 | -46,635.94 | 8,297.49 | 0.85 |
| Jan 16, 26 | 145,122.57 | -188,730.39 | -43,607.82 | 1.30 |
| Mar 20, 26 | 29,096.48 | -30,541.28 | -1,444.8 | 1.05 |
| Jun 18, 26 | 23,768.69 | -39,268.65 | -15,499.96 | 1.65 |
| Sep 18, 26 | 4,314.01 | -15,366.99 | -11,052.98 | 3.56 |
| Jan 15, 27 | 44,702.24 | -10,942.38 | 33,759.86 | 0.24 |