PayPay Corporation American Depository Shares PAYP 17.72 0.01 0.06%

PAYP Gamma Exposure (GEX)

PAYP (PayPay Corporation American Depository Shares): See how call and put gamma exposure is distributed across option strikes. Free delayed preview.

Previous-day view · Mon Sep 21 close. You are previewing the previous trading day. Subscribe to see today live and every other date — plans start at Delta, $39/mo. Sign up Sign in

ATM IV

1.48

Put Call Ratio (OI)

0.427

Put Call Ratio (Vol)

1.57

IV Rank

85.1

IV Percentile

98.3

Max Pain

Gamma exposure (2026-09-21)

Gamma exposure (GEX)

GEX estimates dealer hedging flow at each strike.
Positive GEX = dealers are long gamma; they buy the dip and sell the rip, dampening volatility. Negative GEX = dealers are short gamma; they sell the dip and buy the rip, amplifying volatility.

\text{DTE}

|\Delta|

Moneyness

View values by strike

PAYP · Gamma exposure · 2026-09-21. USD of exposure per 1% underlying move.
Strike	Calls	Puts
5.00	2.67	-24.1
7.50	0	-5.67
10.00	53.6	-101
12.50	323	-897
15.00	1.07 K	-3.41 K
17.50	2.48 K	-1.14 K
20.00	7.91 K	-907
22.50	224	-83.9
25.00	1.27 K	-608
30.00	5.29 K	0

PayPay Corporation American Depository Shares PAYP 17.72 0.01 0.06%

PAYP Gamma Exposure (GEX)

Gamma exposure (2026-09-21) Gamma exposure (GEX) GEX estimates dealer hedging flow at each strike.Positive GEX = dealers are long gamma; they buy the dip and sell the rip, dampening volatility. Negative GEX = dealers are short gamma; they sell the dip and buy the rip, amplifying volatility. Got it

Gamma exposure (2026-09-21)

Gamma exposure (GEX)

GEX estimates dealer hedging flow at each strike.
Positive GEX = dealers are long gamma; they buy the dip and sell the rip, dampening volatility. Negative GEX = dealers are short gamma; they sell the dip and buy the rip, amplifying volatility.