Delta Air Lines Options Trading: A Deep Dive into Market Sentiment

Investors with a lot of money to spend have taken a bullish 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 12 uncommon options trades for Delta Air Lines.

This isn't normal.

The overall sentiment of these big-money traders is split between 50% bullish and 41%, bearish.

Out of all of the special options we uncovered, 5 are puts, for a total amount of $581,246, and 7 are calls, for a total amount of $318,719.

Latest Startup Investment Opportunities:

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 $40.0 and $65.0 for Delta Air Lines, spanning the last three months.

Analyzing Volume & Open Interest

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

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 activity within a strike price range from $40.0 to $65.0 in the last 30 days.

Delta Air Lines Option Activity Analysis: 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.

In light of the recent options history for Delta Air Lines, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Present Market Standing of Delta Air Lines

• Trading volume stands at 2,474,815, with DAL's price down by -1.51%, positioned at $52.13.
• RSI indicators show the stock to be may be approaching overbought.
• Earnings announcement expected in 65 days.

Expert Opinions on Delta Air Lines

A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $61.8.

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

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.