Financial giants have made a conspicuous bearish move on Delta Air Lines. Our analysis of options history for Delta Air Lines DAL revealed 15 unusual trades.
Delving into the details, we found 40% of traders were bullish, while 60% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $103,310, and 13 were calls, valued at $882,523.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $25.0 to $50.0 for Delta Air Lines over the recent three months.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for Delta Air Lines options trades today is 3705.92 with a total volume of 2,946.00.
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 $25.0 to $50.0 over the last 30 days.
Delta Air Lines Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| DAL | CALL | TRADE | BULLISH | 01/19/24 | $35.00 | $269.8K | 23.5K | 766 |
| DAL | CALL | SWEEP | BEARISH | 12/15/23 | $36.00 | $116.8K | 3.5K | 13 |
| DAL | CALL | TRADE | BEARISH | 06/21/24 | $32.00 | $68.3K | 1.9K | 100 |
| DAL | CALL | TRADE | NEUTRAL | 06/21/24 | $32.00 | $67.2K | 1.9K | 0 |
| DAL | CALL | TRADE | BULLISH | 01/19/24 | $35.00 | $62.0K | 23.5K | 288 |
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.
In light of the recent options history for Delta Air Lines, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Present Market Standing of Delta Air Lines
- With a volume of 4,773,549, the price of DAL is down -0.14% at $36.01.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 53 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.
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