A whale with a lot of money to spend has taken a noticeably bearish stance on Delta Air Lines.
Looking at options history for Delta Air Lines DAL we detected 10 strange trades.
If we consider the specifics of each trade, it is accurate to state that 30% of the investors opened trades with bullish expectations and 70% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $209,530 and 8, calls, for a total amount of $953,434.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $37.0 to $57.5 for Delta Air Lines over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Delta Air Lines options trades today is 5041.43 with a total volume of 4,392.00.
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 $37.0 to $57.5 over the last 30 days.
Delta Air Lines Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| DAL | CALL | TRADE | BEARISH | 06/20/25 | $57.50 | $475.0K | 8 | 1.0K |
| DAL | PUT | TRADE | BULLISH | 01/19/24 | $43.00 | $165.0K | 1.3K | 602 |
| DAL | CALL | TRADE | BEARISH | 01/19/24 | $40.00 | $99.3K | 15.7K | 406 |
| DAL | CALL | SWEEP | BULLISH | 01/19/24 | $50.00 | $88.5K | 14.1K | 725 |
| DAL | CALL | SWEEP | BULLISH | 01/19/24 | $50.00 | $80.5K | 14.1K | 1.2K |
Where Is Delta Air Lines Standing Right Now?
- With a volume of 3,869,956, the price of DAL is down -0.34% at $44.02.
- RSI indicators hint that the underlying stock may be oversold.
- Next earnings are expected to be released in 59 days.
What The Experts Say On Delta Air Lines:
- B of A Securities has decided to maintain their Buy rating on Delta Air Lines, which currently sits at a price target of $53.
- Citigroup has decided to maintain their Buy rating on Delta Air Lines, which currently sits at a price target of $67.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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