PayPal Inc. (PYPL)
NASDAQ: PYPL
· Real-Time Price · USD
69.58
0.20 (0.29%)
At close: Aug 15, 2025, 11:34 AM
PYPL Delta Exposure By Expiry
The total Delta Exposure (DEX) for PYPL across all expirations shows 8,656,666.31 net shares that market makers must hedge, with 17,388,601.84 from calls and 8,731,935.53 from puts. The put-call delta ratio of 0.50 suggests neutral market maker positioning. The largest delta concentration at Jun 18, 26 with 2,888,618.47 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.
PYPL DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Aug 22, 25 | 348,251.47 | -236,407.25 | 111,844.22 | 0.68 |
| Aug 29, 25 | 178,076.21 | -179,219.89 | -1,143.68 | 1.01 |
| Sep 5, 25 | 91,422.93 | -60,651.91 | 30,771.02 | 0.66 |
| Sep 12, 25 | 252,345.13 | -41,097.79 | 211,247.34 | 0.16 |
| Sep 19, 25 | 1,518,276 | -1,119,729.93 | 398,546.07 | 0.74 |
| Sep 26, 25 | 19,848.21 | -10,219.14 | 9,629.07 | 0.51 |
| Oct 17, 25 | 788,312.2 | -418,772.82 | 369,539.38 | 0.53 |
| Nov 21, 25 | 265,162.5 | -336,921.12 | -71,758.62 | 1.27 |
| Dec 19, 25 | 2,218,070.02 | -1,084,152.39 | 1,133,917.63 | 0.49 |
| Jan 16, 26 | 3,692,689.95 | -1,961,644.02 | 1,731,045.93 | 0.53 |
| Mar 20, 26 | 714,680.48 | -576,959.37 | 137,721.11 | 0.81 |
| Apr 17, 26 | 0 | 0 | 0 | n/a |
| May 15, 26 | 48,527.88 | -42,709.92 | 5,817.96 | 0.88 |
| Jun 18, 26 | 3,893,488.99 | -1,004,870.52 | 2,888,618.47 | 0.26 |
| Sep 18, 26 | 118,181.29 | -109,623.91 | 8,557.38 | 0.93 |
| Dec 18, 26 | 1,691,931.24 | -754,193.87 | 937,737.37 | 0.45 |
| Jan 15, 27 | 1,150,716.41 | -569,187.72 | 581,528.69 | 0.49 |
| Dec 17, 27 | 398,620.93 | -225,573.96 | 173,046.97 | 0.57 |