Benzinga's options scanner has just identified more than 9 option transactions on Delta Air Lines DAL, with a cumulative value of $529,386. Concurrently, our algorithms picked up 6 puts, worth a total of 580,380.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $35.0 and $46.0 for Delta Air Lines, spanning the last three months.
Volume & Open Interest Development
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Delta Air Lines's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Delta Air Lines's substantial trades, within a strike price spectrum from $35.0 to $46.0 over the preceding 30 days.
Delta Air Lines 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| DAL | PUT | SWEEP | BEARISH | 03/15/24 | $42.00 | $167.8K | 1.7K | 17 |
| DAL | PUT | SWEEP | BULLISH | 04/19/24 | $46.00 | $164.6K | 4 | 1 |
| DAL | PUT | SWEEP | BULLISH | 02/16/24 | $41.00 | $92.7K | 295 | 748 |
| DAL | PUT | SWEEP | BULLISH | 02/16/24 | $41.00 | $60.9K | 295 | 335 |
| DAL | PUT | TRADE | BULLISH | 03/15/24 | $42.00 | $51.4K | 1.7K | 608 |
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.
After a thorough review of the options trading surrounding Delta Air Lines, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Current Position of Delta Air Lines
- Trading volume stands at 2,649,349, with DAL's price up by 1.39%, positioned at $40.9.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 22 days.
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.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
