A Closer Look at Delta Air Lines's Options Market Dynamics

Whales with a lot of money to spend have taken a noticeably bullish stance on Delta Air Lines.

Looking at options history for Delta Air Lines DAL we detected 26 trades.

If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 34% with bearish.

From the overall spotted trades, 4 are puts, for a total amount of $949,896 and 22, calls, for a total amount of $1,837,942.

Expected Price Movements

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $35.0 and $55.0 for Delta Air Lines, spanning the last 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 $35.0 to $55.0, over the past month.

Delta Air Lines Option Volume And Open Interest Over Last 30 Days

Significant Options Trades Detected:

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. Delta has historically earned the greatest portion of its international revenue and profits from flying passengers over the Atlantic Ocean.

Present Market Standing of Delta Air Lines

• Currently trading with a volume of 3,790,140, the DAL's price is up by 0.59%, now at $51.33.
• RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
• Anticipated earnings release is in 69 days.

Professional Analyst Ratings for Delta Air Lines

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $61.4.

• Maintaining their stance, an analyst from Morgan Stanley continues to hold a Overweight rating for Delta Air Lines, targeting a price of $85.
• Consistent in their evaluation, an analyst from Deutsche Bank keeps a Buy rating on Delta Air Lines with a target price of $60.
• Maintaining their stance, an analyst from B of A Securities continues to hold a Buy rating for Delta Air Lines, targeting a price of $53.
• An analyst from B of A Securities has decided to maintain their Buy rating on Delta Air Lines, which currently sits at a price target of $55.
• Consistent in their evaluation, an analyst from Susquehanna keeps a Positive rating on Delta Air Lines with a target price of $54.

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.