Delta Air Lines's Options Frenzy: What You Need to Know

Investors with significant funds have taken a bullish position in Delta Air Lines DAL, a development that retail traders should be aware of.

This was brought to our attention today through our monitoring of publicly accessible options data at Benzinga. The exact nature of these investors remains a mystery, but such a major move in DAL usually indicates foreknowledge of upcoming events.

Today, Benzinga's options scanner identified 8 options transactions for Delta Air Lines. This is an unusual occurrence. The sentiment among these large-scale traders is mixed, with 62% being bullish and 37% bearish. Of all the options we discovered, 7 are puts, valued at $311,301, and there was a single call, worth $155,600.

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 $52.5 to $65.0 for Delta Air Lines during the past quarter.

Analyzing Volume & Open Interest

In terms of liquidity and interest, the mean open interest for Delta Air Lines options trades today is 10362.25 with a total volume of 1,818.00.

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 $52.5 to $65.0 over the last 30 days.

Delta Air Lines Option Activity Analysis: Last 30 Days

Largest Options Trades Observed:

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.

Delta Air Lines's Current Market Status

• With a trading volume of 579,265, the price of DAL is down by -0.56%, reaching $65.13.
• Current RSI values indicate that the stock is may be approaching overbought.
• Next earnings report is scheduled for 83 days from now.

What Analysts Are Saying About Delta Air Lines

Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $75.0.

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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.