Financial giants have made a conspicuous bullish move on Delta Air Lines. Our analysis of options history for Delta Air Lines DAL revealed 13 unusual trades.
Delving into the details, we found 53% of traders were bullish, while 46% showed bearish tendencies. Out of all the trades we spotted, 10 were puts, with a value of $1,894,523, and 3 were calls, valued at $641,558.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $57.5 to $67.5 for Delta Air Lines over the last 3 months.
Volume & Open Interest Development
In today's trading context, the average open interest for options of Delta Air Lines stands at 4451.0, with a total volume reaching 33,771.00. 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 $57.5 to $67.5, throughout the last 30 days.
Delta Air Lines Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DAL | PUT | SWEEP | BEARISH | 02/21/25 | $1.95 | $1.86 | $1.95 | $65.00 | $1.3M | 2.9K | 7.0K |
| DAL | CALL | TRADE | BEARISH | 03/21/25 | $3.5 | $3.4 | $3.41 | $67.50 | $511.5K | 7.1K | 1.5K |
| DAL | PUT | TRADE | BEARISH | 04/17/25 | $3.85 | $3.75 | $3.85 | $65.00 | $154.0K | 3.6K | 588 |
| DAL | PUT | SWEEP | BULLISH | 01/16/26 | $4.75 | $4.65 | $4.65 | $57.50 | $111.1K | 1.0K | 288 |
| DAL | CALL | SWEEP | BEARISH | 06/20/25 | $11.9 | $11.85 | $11.9 | $57.50 | $103.5K | 8.4K | 172 |
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 most of its international revenue and profits from flying passengers over the Atlantic Ocean.
Following our analysis of the options activities associated with Delta Air Lines, we pivot to a closer look at the company's own performance.
Present Market Standing of Delta Air Lines
- With a volume of 1,873,524, the price of DAL is up 0.6% at $66.58.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 82 days.
Expert Opinions on Delta Air Lines
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $75.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * Maintaining their stance, an analyst from Susquehanna continues to hold a Positive rating for Delta Air Lines, targeting a price of $75.
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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