Financial giants have made a conspicuous bearish move on Delta Air Lines. Our analysis of options history for Delta Air Lines DAL revealed 13 unusual trades.
Delving into the details, we found 46% of traders were bullish, while 53% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $154,446, and 9 were calls, valued at $367,568.
Projected Price Targets
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $32.0 to $46.0 for Delta Air Lines over the last 3 months.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of Delta Air Lines stands at 7067.3, with a total volume reaching 4,064.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Delta Air Lines, situated within the strike price corridor from $32.0 to $46.0, throughout the last 30 days.
Delta Air Lines Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| DAL | CALL | SWEEP | BEARISH | 04/19/24 | $45.00 | $88.4K | 29.3K | 930 |
| DAL | CALL | SWEEP | BULLISH | 04/19/24 | $46.00 | $62.4K | 2.5K | 1.1K |
| DAL | PUT | SWEEP | BULLISH | 03/15/24 | $42.50 | $51.3K | 569 | 106 |
| DAL | CALL | TRADE | BULLISH | 06/20/25 | $45.00 | $44.2K | 526 | 125 |
| DAL | PUT | TRADE | BULLISH | 03/28/24 | $43.00 | $40.5K | 452 | 450 |
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.
After a thorough review of the options trading surrounding Delta Air Lines, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Delta Air Lines's Current Market Status
- With a volume of 3,178,241, the price of DAL is up 0.4% at $42.18.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 42 days.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Delta Air Lines with Benzinga Pro for real-time alerts.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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