Check Out What Whales Are Doing With DAL

Check Out What Whales Are Doing With DAL

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 10 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, 6 are puts, for a total amount of $205,848 and 4, calls, for a total amount of $198,300.

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 $34.0 to $47.0 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 $34.0 to $47.0 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 CALL TRADE BEARISH 06/16/23 $42.00 $93.2K 690 569
DAL PUT TRADE NEUTRAL 06/16/23 $40.00 $56.5K 986 100
DAL CALL SWEEP BULLISH 12/09/22 $36.00 $48.1K 2.6K 1.4K
DAL PUT TRADE BULLISH 01/19/24 $47.00 $32.6K 206 27
DAL PUT SWEEP BEARISH 12/16/22 $35.00 $31.9K 5.0K 2.0K

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
DAL CALL TRADE BEARISH 06/16/23 $42.00 $93.2K 690 569
DAL PUT TRADE NEUTRAL 06/16/23 $40.00 $56.5K 986 100
DAL CALL SWEEP BULLISH 12/09/22 $36.00 $48.1K 2.6K 1.4K
DAL PUT TRADE BULLISH 01/19/24 $47.00 $32.6K 206 27
DAL PUT SWEEP BEARISH 12/16/22 $35.00 $31.9K 5.0K 2.0K

Where Is Delta Air Lines Standing Right Now?

  • With a volume of 4,914,520, the price of DAL is up 3.22% at $36.86.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 38 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 want to stay updated on the latest options trades for Delta Air Lines, Benzinga Pro gives you real-time options trades alerts.

Posted In: BZI-UOAOptionsMarkets