Investors with a lot of money to spend have taken a bullish stance on Delta Air Lines DAL.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with DAL, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 20 uncommon options trades for Delta Air Lines.
This isn't normal.
The overall sentiment of these big-money traders is split between 60% bullish and 35%, bearish.
Out of all of the special options we uncovered, 4 are puts, for a total amount of $211,223, and 16 are calls, for a total amount of $680,559.
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 $35.0 to $90.0 for Delta Air Lines during the past quarter.
Analyzing Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Delta Air Lines's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Delta Air Lines's significant trades, within a strike price range of $35.0 to $90.0, over the past month.
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 | SWEEP | BEARISH | 04/17/25 | $8.9 | $8.8 | $8.8 | $57.50 | $100.3K | 1.6K | 114 |
| DAL | CALL | SWEEP | BEARISH | 01/17/25 | $2.18 | $2.15 | $2.15 | $65.00 | $75.1K | 46.6K | 403 |
| DAL | PUT | SWEEP | BULLISH | 01/16/26 | $7.65 | $7.45 | $7.45 | $60.00 | $74.5K | 967 | 100 |
| DAL | CALL | SWEEP | BEARISH | 01/16/26 | $8.95 | $8.9 | $8.9 | $67.50 | $70.3K | 1.0K | 348 |
| DAL | PUT | SWEEP | BULLISH | 01/16/26 | $7.65 | $7.4 | $7.45 | $60.00 | $67.0K | 967 | 190 |
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 most of its international revenue and profits from flying passengers over the Atlantic Ocean.
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?
- Currently trading with a volume of 2,173,331, the DAL's price is up by 0.12%, now at $62.63.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 15 days.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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