Ponce Financial Group Inc... (PDLB)

The total Delta Exposure (DEX) for PDLB across all expirations shows 45.5 net shares that market makers must hedge, with 45.5 from calls and 0 from puts. The put-call delta ratio of 0.00 shows bullish positioning with call dominance, potentially providing upward momentum but leaving the market vulnerable to sharp pullbacks. The largest delta concentration at Feb 20, 26 with 45.5 net DEX represents significant hedging pressure that may cap upside moves. The nearest expiration on Sep 19, 25 carries negative delta forcing market makers to buy shares, potentially providing support.