Financial giants have made a conspicuous bearish move on Delta Air Lines. Our analysis of options history for Delta Air Lines DAL revealed 11 unusual trades.
Delving into the details, we found 27% of traders were bullish, while 72% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $252,532, and 7 were calls, valued at $461,750.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $37.0 and $49.0 for Delta Air Lines, spanning the last three months.
Insights into Volume & Open Interest
In today's trading context, the average open interest for options of Delta Air Lines stands at 5921.67, with a total volume reaching 30,276.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Delta Air Lines, situated within the strike price corridor from $37.0 to $49.0, throughout the last 30 days.
Delta Air Lines Call and Put Volume: 30-Day Overview
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DAL | CALL | SWEEP | BULLISH | 04/19/24 | $2.8 | $2.76 | $2.8 | $46.00 | $112.0K | 9.4K | 416 |
| DAL | CALL | SWEEP | BEARISH | 01/16/26 | $14.2 | $14.1 | $14.13 | $40.00 | $105.8K | 5.3K | 75 |
| DAL | PUT | TRADE | BULLISH | 04/19/24 | $0.23 | $0.03 | $0.05 | $37.00 | $97.9K | 22.5K | 19.5K |
| DAL | CALL | TRADE | BEARISH | 04/26/24 | $1.45 | $1.15 | $1.26 | $49.00 | $66.0K | 32 | 1.2K |
| DAL | PUT | TRADE | BEARISH | 04/19/24 | $1.57 | $1.55 | $1.57 | $48.00 | $62.8K | 61 | 1.8K |
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.
Following our analysis of the options activities associated with Delta Air Lines, we pivot to a closer look at the company's own performance.
Delta Air Lines's Current Market Status
- With a trading volume of 3,801,957, the price of DAL is down by -0.27%, reaching $47.18.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 13 days from now.
Professional Analyst Ratings for Delta Air Lines
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $59.0.
- An analyst from UBS downgraded its action to Buy with a price target of $59.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Delta Air Lines options trades with real-time alerts from Benzinga Pro.
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