Financial giants have made a conspicuous bullish move on Delta Air Lines. Our analysis of options history for Delta Air Lines DAL revealed 9 unusual trades.
Delving into the details, we found 55% of traders were bullish, while 33% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $74,394, and 7 were calls, valued at $520,982.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $30.0 and $60.0 for Delta Air Lines, spanning the last three months.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of Delta Air Lines stands at 2357.22, with a total volume reaching 323.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Delta Air Lines, situated within the strike price corridor from $30.0 to $60.0, throughout the last 30 days.
Delta Air Lines Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DAL | CALL | TRADE | BEARISH | 06/20/25 | $5.75 | $5.65 | $5.65 | $50.00 | $281.9K | 1.2K | 13 |
| DAL | CALL | TRADE | BULLISH | 07/19/24 | $0.54 | $0.5 | $0.53 | $51.00 | $63.6K | 1.0K | 24 |
| DAL | CALL | SWEEP | BULLISH | 08/16/24 | $3.65 | $3.55 | $3.65 | $45.00 | $45.6K | 1.0K | 0 |
| DAL | PUT | TRADE | BULLISH | 07/05/24 | $12.85 | $12.55 | $12.55 | $60.00 | $37.6K | 20 | 0 |
| DAL | CALL | SWEEP | BULLISH | 08/16/24 | $1.31 | $1.3 | $1.31 | $50.00 | $37.2K | 15.2K | 230 |
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. Delta has historically earned the greatest portion of its international revenue and profits from flying passengers over the Atlantic Ocean.
Current Position of Delta Air Lines
- Currently trading with a volume of 1,769,872, the DAL's price is up by 1.21%, now at $47.28.
- RSI readings suggest the stock is currently may be approaching oversold.
- Anticipated earnings release is in 8 days.
What The Experts Say On Delta Air Lines
2 market experts have recently issued ratings for this stock, with a consensus target price of $58.5.
- Consistent in their evaluation, an analyst from Jefferies keeps a Buy rating on Delta Air Lines with a target price of $56.
- An analyst from TD Cowen persists with their Buy rating on Delta Air Lines, maintaining a target price of $61.
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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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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