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
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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