Whales with a lot of money to spend have taken a noticeably bullish stance on Delta Air Lines.
Looking at options history for Delta Air Lines DAL we detected 8 trades.
If we consider the specifics of each trade, it is accurate to state that 75% of the investors opened trades with bullish expectations and 0% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $90,020 and 6, calls, for a total amount of $969,980.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $30.0 and $50.0 for Delta Air Lines, spanning the last three months.
Analyzing Volume & Open Interest
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 $30.0 to $50.0 in the last 30 days.
Delta Air Lines 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DAL | CALL | TRADE | BULLISH | 08/16/24 | $1.29 | $1.24 | $1.29 | $50.00 | $645.0K | 8.7K | 110 |
| DAL | CALL | TRADE | NEUTRAL | 08/16/24 | $1.3 | $1.28 | $1.29 | $50.00 | $129.0K | 8.7K | 5.1K |
| DAL | CALL | TRADE | NEUTRAL | 12/20/24 | $18.0 | $17.65 | $17.8 | $30.00 | $60.5K | 24 | 0 |
| DAL | PUT | SWEEP | BULLISH | 06/20/25 | $5.4 | $5.25 | $5.22 | $47.00 | $52.7K | 1.6K | 2 |
| DAL | CALL | TRADE | BULLISH | 12/20/24 | $17.95 | $17.2 | $17.8 | $30.00 | $51.6K | 24 | 0 |
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.
Delta Air Lines's Current Market Status
- With a trading volume of 2,693,343, the price of DAL is down by -0.95%, reaching $46.99.
- Current RSI values indicate that the stock is may be approaching oversold.
- Next earnings report is scheduled for 10 days from now.
What Analysts Are Saying About 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 $56.0.
- An analyst from Jefferies has decided to maintain their Buy rating on Delta Air Lines, which currently sits at a price target of $56.
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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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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