Notable Put Options Activity in Delta Air Lines
By Michael J. Zerinskas
February 03, 2012 12:09 PM
February 03, 2012 12:09 PM
Shares of Delta Air Lines (NYSE: DAL) are higher on the session by 1.67%, currently trading at $11.28. The stock has been moving largely higher over the past six weeks and is currently trading above the 50-day moving average.
Options traders are focusing on puts today. The strike seeing the heaviest action is the January 2014 $5.00 put, which has traded 5,300 times on open interest of 19,973 contracts. The Jan2013 $4.00 also traded 5,000 times on 19,842 contracts.
Put volume is outpacing call volume by 3 to 1.
Delta Air Lines, Inc. provides scheduled air transportation for passengers and cargo throughout the United States and around the world.
(c) 2012 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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