PepsiCo Inc. (PEP)
NASDAQ: PEP
· Real-Time Price · USD
150.76
2.14 (1.44%)
At close: Aug 15, 2025, 2:06 PM
PEP Delta Exposure By Expiry
The total Delta Exposure (DEX) for PEP across all expirations shows 11,016,038.64 net shares that market makers must hedge, with 15,603,622.14 from calls and 4,587,583.5 from puts. The put-call delta ratio of 0.29 shows bullish positioning with call dominance, potentially providing upward momentum but leaving the market vulnerable to sharp pullbacks. The largest delta concentration at Sep 19, 25 with 4,427,244.58 net DEX represents significant hedging pressure that may cap upside moves. The nearest expiration on Aug 22, 25 carries positive delta requiring market makers to short shares, potentially creating resistance.
PEP DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Aug 22, 25 | 637,913.52 | -133,075.74 | 504,837.78 | 0.21 |
| Aug 29, 25 | 634,342.8 | -48,710.04 | 585,632.76 | 0.08 |
| Sep 5, 25 | 149,196.36 | -46,316.64 | 102,879.72 | 0.31 |
| Sep 12, 25 | 47,949.76 | -9,040.83 | 38,908.93 | 0.19 |
| Sep 19, 25 | 5,386,946.98 | -959,702.4 | 4,427,244.58 | 0.18 |
| Sep 26, 25 | 31,137.34 | -11,359.61 | 19,777.73 | 0.36 |
| Oct 17, 25 | 1,932,783.01 | -1,112,135.18 | 820,647.83 | 0.58 |
| Nov 21, 25 | 466,019.17 | -3,858.92 | 462,160.25 | 0.01 |
| Jan 16, 26 | 3,617,175.56 | -1,206,922.69 | 2,410,252.87 | 0.33 |
| Mar 20, 26 | 764,354.6 | -261,071.07 | 503,283.53 | 0.34 |
| Apr 17, 26 | 0 | 0 | 0 | n/a |
| Jun 18, 26 | 753,937.11 | -262,771.4 | 491,165.71 | 0.35 |
| Sep 18, 26 | 281,097.94 | -213,279.45 | 67,818.49 | 0.76 |
| Jan 15, 27 | 900,767.99 | -319,339.53 | 581,428.46 | 0.35 |