Deep-pocketed investors have adopted a bullish approach towards Delta Air Lines DAL, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in DAL usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 21 extraordinary options activities for Delta Air Lines. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 66% leaning bullish and 33% bearish. Among these notable options, 6 are puts, totaling $551,392, and 15 are calls, amounting to $1,154,034.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $32.0 to $50.0 for Delta Air Lines during the past quarter.
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 $32.0 to $50.0 in the last 30 days.
Delta Air Lines Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| DAL | PUT | TRADE | BULLISH | 05/17/24 | $45.00 | $223.0K | 138 | 1.0K |
| DAL | CALL | SWEEP | BEARISH | 06/21/24 | $50.00 | $170.0K | 9.0K | 1.0K |
| DAL | CALL | SWEEP | BULLISH | 04/12/24 | $45.00 | $158.2K | 119 | 1.1K |
| DAL | CALL | TRADE | BULLISH | 01/17/25 | $32.00 | $157.4K | 6.0K | 168 |
| DAL | CALL | SWEEP | BULLISH | 05/17/24 | $46.00 | $151.6K | 54 | 3.9K |
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.
Where Is Delta Air Lines Standing Right Now?
- With a volume of 3,253,462, the price of DAL is up 0.46% at $43.94.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 22 days.
Professional Analyst Ratings for Delta Air Lines
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $59.0.
- An analyst from UBS downgraded its action to Buy with a price target of $59.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Delta Air Lines with Benzinga Pro for real-time alerts.
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