27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
Benzinga's options scanner has just identified more than 9 option transactions on Delta Air Lines (NYSE:DAL), with a cumulative value of $408,995. Concurrently, our algorithms picked up 3 puts, worth a total of 136,840.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $40.0 to $50.0 for Delta Air Lines over the recent three months.
Volume & Open Interest Development
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Delta Air Lines's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Delta Air Lines's whale trades within a strike price range from $40.0 to $50.0 in the last 30 days.
Delta Air Lines Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DAL | CALL | SWEEP | BULLISH | 06/21/24 | $3.05 | $3.0 | $3.05 | $47.00 | $86.0K | 4.7K | 1 |
| DAL | PUT | SWEEP | BULLISH | 04/26/24 | $1.65 | $1.65 | $1.65 | $47.00 | $65.6K | 862 | 400 |
| DAL | CALL | TRADE | BULLISH | 01/17/25 | $10.65 | $10.05 | $10.6 | $40.00 | $53.0K | 5.8K | 50 |
| DAL | CALL | SWEEP | BULLISH | 04/26/24 | $0.99 | $0.82 | $0.99 | $49.00 | $47.3K | 1.0K | 352 |
| DAL | PUT | SWEEP | BULLISH | 04/26/24 | $2.28 | $2.17 | $2.17 | $48.00 | $43.4K | 6.2K | 200 |
About Delta Air Lines
Atlanta-based Delta Air Lines is one of the world's largest airlines, with a network of over 300 destinations in more than 50 countries. Delta operates a hub-and-spoke network, where it gathers and distributes passengers across the globe through its biggest hubs in Atlanta, New York, Salt Lake City, Detroit, Seattle, and Minneapolis-St. Paul.
Having examined the options trading patterns of Delta Air Lines, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Current Position of Delta Air Lines
- With a trading volume of 1,029,582, the price of DAL is down by -0.43%, reaching $46.7.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 7 days from now.
Professional Analyst Ratings for Delta Air Lines
Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $72.0.
- An analyst from Morgan Stanley persists with their Overweight rating on Delta Air Lines, maintaining a target price of $85.
- An analyst from UBS downgraded its action to Buy with a price target of $59.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Delta Air Lines, Benzinga Pro gives you real-time options trades alerts.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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