Delta Air Lines Options Trading: A Deep Dive into Market Sentiment

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Whales with a lot of money to spend have taken a noticeably bullish stance on Delta Air Lines.

Looking at options history for Delta Air Lines DAL we detected 12 trades.

If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 50% with bearish.

From the overall spotted trades, 7 are puts, for a total amount of $481,170 and 5, calls, for a total amount of $282,820.

Expected Price Movements

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $30.0 to $60.0 for Delta Air Lines over the last 3 months.

Volume & Open Interest Trends

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Delta Air Lines's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Delta Air Lines's significant trades, within a strike price range of $30.0 to $60.0, over the past month.

Delta Air Lines Option Activity Analysis: Last 30 Days

Options Call Chart

Noteworthy Options Activity:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
DAL PUT SWEEP BULLISH 01/17/25 $60.00 $171.0K 0 92
DAL PUT SWEEP BULLISH 04/19/24 $47.00 $118.3K 0 178
DAL CALL SWEEP BEARISH 06/20/25 $37.00 $75.8K 247 4
DAL PUT SWEEP BULLISH 01/17/25 $60.00 $68.4K 0 128
DAL CALL TRADE BEARISH 01/19/24 $33.00 $61.1K 7.0K 83

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.

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.

Current Position of Delta Air Lines

  • Currently trading with a volume of 2,625,860, the DAL's price is down by -0.48%, now at $40.93.
  • RSI readings suggest the stock is currently may be overbought.
  • Anticipated earnings release is in 17 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.

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