Delta Air Lines Whale Trades For February 28

A whale with a lot of money to spend has taken a noticeably bullish stance on Delta Air Lines.

Looking at options history for Delta Air Lines DAL we detected 16 strange 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 50% with bearish.

From the overall spotted trades, 2 are puts, for a total amount of $92,801 and 14, calls, for a total amount of $1,420,729.

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 $20.0 to $50.0 for Delta Air Lines over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $20.0 to $50.0 in the last 30 days.

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

Options Call Chart

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
DAL CALL TRADE BULLISH 01/19/24 $42.00 $513.0K 594 0
DAL CALL TRADE BULLISH 01/19/24 $20.00 $218.7K 262 0
DAL CALL SWEEP BULLISH 03/11/22 $40.00 $135.9K 193 1.0K
DAL CALL TRADE BEARISH 01/19/24 $20.00 $108.2K 262 150
DAL CALL SWEEP BULLISH 03/04/22 $39.50 $86.2K 65 1.1K

Where Is Delta Air Lines Standing Right Now?

  • With a volume of 4,713,559, the price of DAL is down -5.09% at $39.43.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 45 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.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date of Trade
▲▼
ticker
▲▼
Put/Call
▲▼
Strike Price
▲▼
DTE
▲▼
Sentiment
▲▼
Posted In: OptionsMarketsBZI-UOA
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!