Financial giants have made a conspicuous bullish move on Delta Air Lines. Our analysis of options history for Delta Air Lines DAL revealed 10 unusual trades.
Delving into the details, we found 50% of traders were bullish, while 40% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $148,710, and 8 were calls, valued at $565,270.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $42.0 to $57.5 for Delta Air Lines during the past quarter.
Insights into Volume & Open Interest
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 $42.0 to $57.5 in the last 30 days.
Delta Air Lines Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DAL | CALL | SWEEP | BULLISH | 12/20/24 | $7.55 | $7.4 | $7.55 | $46.00 | $172.1K | 350 | 0 |
| DAL | PUT | SWEEP | BEARISH | 01/16/26 | $3.5 | $3.35 | $3.45 | $42.00 | $103.8K | 273 | 11 |
| DAL | CALL | SWEEP | BULLISH | 08/16/24 | $1.23 | $1.18 | $1.21 | $55.00 | $98.3K | 6.9K | 186 |
| DAL | CALL | TRADE | BULLISH | 09/20/24 | $1.1 | $1.08 | $1.1 | $57.50 | $76.7K | 3.5K | 750 |
| DAL | CALL | TRADE | BEARISH | 08/16/24 | $3.1 | $3.05 | $3.05 | $50.00 | $62.8K | 375 | 1 |
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. Delta has historically earned the greatest portion of its international revenue and profits from flying passengers over the Atlantic Ocean.
Having examined the options trading patterns of Delta Air Lines, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Current Position of Delta Air Lines
- With a volume of 2,835,893, the price of DAL is up 0.54% at $50.13.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 36 days.
Expert Opinions on Delta Air Lines
2 market experts have recently issued ratings for this stock, with a consensus target price of $68.9.
- An analyst from HSBC downgraded its action to Buy with a price target of $72.
- An analyst from Citigroup has decided to maintain their Buy rating on Delta Air Lines, which currently sits at a price target of $65.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
