Photronics Inc. (PLAB)
NASDAQ: PLAB
· Real-Time Price · USD
20.70
-0.65 (-3.04%)
At close: Aug 15, 2025, 3:59 PM
20.71
0.05%
After-hours: Aug 15, 2025, 04:10 PM EDT
PLAB Delta Exposure By Expiry
The total Delta Exposure (DEX) for PLAB across all expirations shows 32,770.41 net shares that market makers must hedge, with 70,352.78 from calls and 37,582.37 from puts. The put-call delta ratio of 0.53 suggests neutral market maker positioning. The largest delta concentration at Dec 19, 25 with 22,957.61 net DEX represents significant hedging pressure that may cap upside moves. The nearest expiration on Sep 19, 25 carries positive delta requiring market makers to short shares, potentially creating resistance.
PLAB DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 25,795.99 | -24,729.15 | 1,066.84 | 0.96 |
| Oct 17, 25 | 0 | 0 | 0 | n/a |
| Dec 19, 25 | 35,546.07 | -12,588.46 | 22,957.61 | 0.35 |
| Mar 20, 26 | 9,010.72 | -264.76 | 8,745.96 | 0.03 |