Looking At Delta Air Lines's Recent Whale Trades

Looking At Delta Air Lines's Recent Whale Trades

Someone with a lot of money to spend has taken a bearish stance on Delta Air Lines DAL.

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with DAL, it often means somebody knows something is about to happen.

Today, Benzinga's options scanner spotted 17 options trades for Delta Air Lines.

This isn't normal.

The overall sentiment of these big-money traders is split between 47.06% bullish and 52.94%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $292,500.00, and 16, calls, for a total amount of $672,689.00..

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $35.0 to $45.0 for Delta Air Lines over the last 3 months.

Volume & Open Interest Development

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 $35.0 to $45.0 in the last 30 days.

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

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
DAL PUT TRADE BULLISH 01/20/23 $35.00 $292.5K 21.2K 750
DAL CALL TRADE BEARISH 01/20/23 $37.00 $120.0K 2.2K 0
DAL CALL SWEEP BEARISH 01/21/22 $45.00 $64.6K 28.3K 1.6K
DAL CALL SWEEP BULLISH 01/21/22 $40.00 $61.8K 21.9K 318
DAL CALL TRADE BULLISH 06/17/22 $39.00 $50.7K 305 111

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
DAL PUT TRADE BULLISH 01/20/23 $35.00 $292.5K 21.2K 750
DAL CALL TRADE BEARISH 01/20/23 $37.00 $120.0K 2.2K 0
DAL CALL SWEEP BEARISH 01/21/22 $45.00 $64.6K 28.3K 1.6K
DAL CALL SWEEP BULLISH 01/21/22 $40.00 $61.8K 21.9K 318
DAL CALL TRADE BULLISH 06/17/22 $39.00 $50.7K 305 111

Where Is Delta Air Lines Standing Right Now?

  • With a volume of 5,251,136.00, the price of DAL is down -0.19% at $39.62.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 52 days.

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 are already an options trader or would like to get started, head on over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy.

Posted In: BZI-UOAOptionsMarkets