Investors with a lot of money to spend have taken a bearish stance on Delta Air Lines DAL.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with DAL, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 21 uncommon options trades for Delta Air Lines.
This isn't normal.
The overall sentiment of these big-money traders is split between 38% bullish and 61%, bearish.
Out of all of the special options we uncovered, 10 are puts, for a total amount of $474,316, and 11 are calls, for a total amount of $358,653.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $37.0 to $43.5 for Delta Air Lines over the recent three months.
Volume & Open Interest Development
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Delta Air Lines's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Delta Air Lines's significant trades, within a strike price range of $37.0 to $43.5, over the past month.
Delta Air Lines Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| DAL | PUT | SWEEP | BEARISH | 01/17/25 | $42.00 | $73.9K | 2.0K | 340 |
| DAL | PUT | SWEEP | BEARISH | 03/15/24 | $42.00 | $64.1K | 4.4K | 597 |
| DAL | PUT | SWEEP | BEARISH | 01/17/25 | $42.00 | $53.6K | 2.0K | 751 |
| DAL | PUT | SWEEP | BULLISH | 03/08/24 | $40.00 | $53.2K | 235 | 2.0K |
| DAL | PUT | SWEEP | BEARISH | 01/17/25 | $42.00 | $50.6K | 2.0K | 572 |
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
Present Market Standing of Delta Air Lines
- With a volume of 4,148,794, the price of DAL is up 0.19% at $41.8.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 45 days.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Delta Air Lines options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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