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 20% of the investors opened trades with bullish expectations and 80% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $90,896 and 7, calls, for a total amount of $547,780.
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 $35.0 to $50.0 for Delta Air Lines over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Delta Air Lines's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Delta Air Lines's whale activity within a strike price range from $35.0 to $50.0 in 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 | 01/19/24 | $35.00 | $263.0K | 4.1K | 200 |
| DAL | CALL | SWEEP | BEARISH | 09/15/23 | $45.00 | $65.0K | 8.7K | 888 |
| DAL | CALL | TRADE | BULLISH | 01/19/24 | $35.00 | $64.1K | 4.1K | 202 |
| DAL | CALL | SWEEP | BEARISH | 09/15/23 | $45.00 | $53.4K | 8.7K | 115 |
| DAL | CALL | TRADE | NEUTRAL | 01/19/24 | $47.00 | $43.4K | 5.9K | 100 |
Where Is Delta Air Lines Standing Right Now?
- With a volume of 2,435,923, the price of DAL is down -0.97% at $45.99.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 78 days.
What The Experts Say On Delta Air Lines:
- Susquehanna has decided to maintain their Positive rating on Delta Air Lines, which currently sits at a price target of $54.
- Jefferies has decided to maintain their Buy rating on Delta Air Lines, which currently sits at a price target of $50.
- Raymond James has decided to maintain their Strong Buy rating on Delta Air Lines, which currently sits at a price target of $58.
- Morgan Stanley downgraded its action to Overweight with a price target of $70
- Deutsche Bank has decided to maintain their Buy rating on Delta Air Lines, which currently sits at a price target of $58.
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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