Deep-pocketed investors have adopted a bearish 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 38% leaning bullish and 42% bearish. Among these notable options, 12 are puts, totaling $1,629,226, and 9 are calls, amounting to $394,015.
Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $45.0 to $72.5 for Delta Air Lines during the past quarter.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for Delta Air Lines options trades today is 1779.53 with a total volume of 14,176.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Delta Air Lines's big money trades within a strike price range of $45.0 to $72.5 over the last 30 days.
Delta Air Lines Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DAL | PUT | TRADE | NEUTRAL | 01/17/25 | $2.17 | $2.13 | $2.15 | $57.50 | $537.5K | 5.1K | 2.9K |
| DAL | PUT | TRADE | BEARISH | 01/17/25 | $1.52 | $1.48 | $1.51 | $56.00 | $453.0K | 54 | 3.0K |
| DAL | PUT | SWEEP | BEARISH | 01/17/25 | $1.29 | $1.28 | $1.29 | $55.00 | $202.8K | 3.2K | 2.0K |
| DAL | CALL | SWEEP | BEARISH | 04/17/25 | $6.75 | $6.65 | $6.65 | $55.00 | $105.7K | 70 | 159 |
| DAL | PUT | SWEEP | BULLISH | 01/10/25 | $13.0 | $12.9 | $12.9 | $70.00 | $89.0K | 108 | 69 |
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.
Present Market Standing of Delta Air Lines
- With a volume of 6,192,404, the price of DAL is down -0.4% at $58.83.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 7 days.
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