Pony AI Inc. American Sh... (PONY)
NASDAQ: PONY
· Real-Time Price · USD
14.93
0.57 (3.97%)
At close: Aug 22, 2025, 12:37 PM
PONY Delta Exposure By Expiry
The total Delta Exposure (DEX) for PONY across all expirations shows 60,249.86 net shares that market makers must hedge, with 287,097.15 from calls and 226,847.29 from puts. The put-call delta ratio of 0.79 suggests neutral market maker positioning. The largest delta concentration at Nov 21, 25 with 55,368.94 net DEX represents significant hedging pressure that may cap upside moves. The nearest expiration on Aug 29, 25 carries positive delta requiring market makers to short shares, potentially creating resistance.
PONY DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Aug 29, 25 | 17,504.38 | -14,130.9 | 3,373.48 | 0.81 |
| Sep 5, 25 | 11,659.89 | -20,996.17 | -9,336.28 | 1.80 |
| Sep 12, 25 | 2,393.51 | -4,060.38 | -1,666.87 | 1.70 |
| Sep 19, 25 | 41,193.62 | -48,446.41 | -7,252.79 | 1.18 |
| Sep 26, 25 | 3,140.97 | -732.36 | 2,408.61 | 0.23 |
| Oct 3, 25 | 0 | 0 | 0 | n/a |
| Oct 17, 25 | 15,700.14 | -8,980.15 | 6,719.99 | 0.57 |
| Nov 21, 25 | 103,370.76 | -48,001.82 | 55,368.94 | 0.46 |
| Dec 19, 25 | 12,386.79 | -37,686.42 | -25,299.63 | 3.04 |
| Jan 16, 26 | 28,349.34 | -34,636.33 | -6,286.99 | 1.22 |
| Feb 20, 26 | 51,397.75 | -9,176.35 | 42,221.4 | 0.18 |