Paycom Software Inc. (PAYC)
NYSE: PAYC
· Real-Time Price · USD
225.17
7.99 (3.68%)
At close: Aug 18, 2025, 3:59 PM
225.28
0.05%
Pre-market: Aug 19, 2025, 08:15 AM EDT
PAYC Delta Exposure By Expiry
The total Delta Exposure (DEX) for PAYC across all expirations shows 165,344.83 net shares that market makers must hedge, with 456,884.9 from calls and 291,540.07 from puts. The put-call delta ratio of 0.64 suggests neutral market maker positioning. The largest delta concentration at Jan 16, 26 with 109,560.66 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.
PAYC DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 27,328.07 | -71,244.68 | -43,916.61 | 2.61 |
| Oct 17, 25 | 492.06 | -8 | 484.06 | 0.02 |
| Nov 21, 25 | 63,302.6 | -49,038.85 | 14,263.75 | 0.77 |
| Jan 16, 26 | 208,176.44 | -98,615.78 | 109,560.66 | 0.47 |
| Feb 20, 26 | 4,535.67 | -1,590.22 | 2,945.45 | 0.35 |
| Jun 18, 26 | 37,750.26 | -17,655.91 | 20,094.35 | 0.47 |
| Dec 18, 26 | 45,616.71 | -21,379.33 | 24,237.38 | 0.47 |
| Jan 15, 27 | 65,132.58 | -23,290.67 | 41,841.91 | 0.36 |
| Dec 17, 27 | 4,550.51 | -8,716.63 | -4,166.12 | 1.92 |