(PZA)
AMEX: PZA
· Real-Time Price · USD
22.16
0.00 (0.00%)
At close: Aug 26, 2025, 3:59 PM
22.16
0.02%
After-hours: Aug 26, 2025, 05:44 PM EDT
PZA Delta Exposure By Expiry
The total Delta Exposure (DEX) for PZA across all expirations shows 121.06 net shares that market makers must hedge, with 750.76 from calls and 629.7 from puts. The put-call delta ratio of 0.84 suggests neutral market maker positioning. The largest delta concentration at Oct 17, 25 with 289.52 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.
PZA DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 5.87 | -6.91 | -1.04 | 1.18 |
| Oct 17, 25 | 617.01 | -327.49 | 289.52 | 0.53 |
| Jan 16, 26 | 127.88 | -295.3 | -167.42 | 2.31 |
| Apr 17, 26 | 0 | 0 | 0 | n/a |