Whales with a lot of money to spend have taken a noticeably bearish stance on Delta Air Lines.
Looking at options history for Delta Air Lines (NYSE:DAL) we detected 13 trades.
If we consider the specifics of each trade, it is accurate to state that 30% of the investors opened trades with bullish expectations and 46% with bearish.
From the overall spotted trades, 7 are puts, for a total amount of $1,308,450 and 6, calls, for a total amount of $339,875.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $60.0 to $77.5 for Delta Air Lines over the last 3 months.
Volume & Open Interest Development
In today's trading context, the average open interest for options of Delta Air Lines stands at 2893.83, with a total volume reaching 3,439.00. 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 $60.0 to $77.5, throughout the last 30 days.
Delta Air Lines 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DAL | PUT | TRADE | NEUTRAL | 06/18/26 | $9.8 | $9.5 | $9.64 | $75.00 | $964.0K | 15 | 1.0K |
| DAL | PUT | SWEEP | BEARISH | 06/18/26 | $9.65 | $9.5 | $9.65 | $75.00 | $121.6K | 15 | 1.1K |
| DAL | CALL | TRADE | BULLISH | 12/19/25 | $6.15 | $5.95 | $6.09 | $65.00 | $91.3K | 12.3K | 171 |
| DAL | PUT | SWEEP | BEARISH | 01/15/27 | $14.3 | $14.2 | $14.2 | $77.50 | $82.3K | 3 | 160 |
| DAL | CALL | TRADE | BULLISH | 01/15/27 | $15.9 | $13.75 | $15.8 | $65.00 | $79.0K | 823 | 50 |
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 most of its international revenue and profits from flying passengers over the Atlantic Ocean.
Present Market Standing of Delta Air Lines
- Trading volume stands at 2,169,820, with DAL's price up by 1.22%, positioned at $70.66.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 25 days.
What Analysts Are Saying About Delta Air Lines
Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $82.33.
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20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * An analyst from UBS has revised its rating downward to Buy, adjusting the price target to $90. * Reflecting concerns, an analyst from Citigroup lowers its rating to Buy with a new price target of $77. * In a cautious move, an analyst from BMO Capital downgraded its rating to Outperform, setting a price target of $80.
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.
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