Market Whales and Their Recent Bets on DAL Options

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 9 uncommon options trades for Delta Air Lines.

This isn't normal.

The overall sentiment of these big-money traders is split between 44% bullish and 33%, bearish.

Out of all of the special options we uncovered, 6 are puts, for a total amount of $710,784, and 3 are calls, for a total amount of $352,500.

Predicted Price Range

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $62.5 to $85.0 for Delta Air Lines over the recent three months.

Insights into Volume & Open Interest

In terms of liquidity and interest, the mean open interest for Delta Air Lines options trades today is 4580.29 with a total volume of 1,858.00.

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 $62.5 to $85.0 over the last 30 days.

Delta Air Lines Call and Put Volume: 30-Day Overview

Significant Options Trades Detected:

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.

Following our analysis of the options activities associated with Delta Air Lines, we pivot to a closer look at the company's own performance.

Present Market Standing of Delta Air Lines

• With a trading volume of 445,778, the price of DAL is down by -0.08%, reaching $67.39.
• Current RSI values indicate that the stock is may be approaching overbought.
• Next earnings report is scheduled for 75 days from now.

What Analysts Are Saying About Delta Air Lines

In the last month, 1 experts released ratings on this stock with an average target price of $75.0.

Turn $1000 into $1270 in just 20 days?

20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * An analyst from Susquehanna has decided to maintain their Positive rating on Delta Air Lines, which currently sits at a price target of $75.

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.