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, Pete Najarian spoke about bullish options activity in
Delta Air Lines, Inc.DAL.
He said that a trader sold to close 27,000 contracts of the March 48.5 calls and rolled out the position to the April 49 calls for $1.30. The break even for the trade is at $50.30 or 5 percent higher from the current price.
Najarian decided to follow the trade. He was already long calls in
Delta Air Lines, Inc. but he decided to roll out the position to April.
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