Delta Air Lines Whale Trades Spotted

Delta Air Lines Whale Trades Spotted

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.

So how do we know what this whale just did?

Today, Benzinga's options scanner spotted 14 uncommon options trades for Delta Air Lines.

This isn't normal.

The overall sentiment of these big-money traders is split between 28% bullish and 71%, bearish.

Out of all of the special options we uncovered, 2 are puts, for a total amount of $72,900, and 12 are calls, for a total amount of $665,721.

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 $46.0 for Delta Air Lines over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Delta Air Lines options trades today is 11505.1 with a total volume of 4,306.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Delta Air Lines's big money trades within a strike price range of $35.0 to $46.0 over 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 CALL TRADE BULLISH 06/17/22 $40.00 $167.4K 29.3K 804
DAL CALL TRADE BULLISH 04/14/22 $36.00 $112.0K 20.3K 395
DAL CALL SWEEP BEARISH 06/17/22 $40.00 $66.0K 29.3K 24
DAL CALL TRADE NEUTRAL 09/16/22 $38.00 $53.5K 578 183
DAL CALL TRADE BEARISH 04/14/22 $36.00 $44.0K 20.3K 115

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
DAL CALL TRADE BULLISH 06/17/22 $40.00 $167.4K 29.3K 804
DAL CALL TRADE BULLISH 04/14/22 $36.00 $112.0K 20.3K 395
DAL CALL SWEEP BEARISH 06/17/22 $40.00 $66.0K 29.3K 24
DAL CALL TRADE NEUTRAL 09/16/22 $38.00 $53.5K 578 183
DAL CALL TRADE BEARISH 04/14/22 $36.00 $44.0K 20.3K 115

Where Is Delta Air Lines Standing Right Now?

  • With a volume of 1,650,735, the price of DAL is up 0.04% at $39.59.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 12 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.

Posted In: BZI-UOAOptionsMarkets