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Financial giants have made a conspicuous bearish move on Delta Air Lines. Our analysis of options history for Delta Air Lines (NYSE:DAL) revealed 9 unusual trades.
Delving into the details, we found 44% of traders were bullish, while 55% showed bearish tendencies. Out of all the trades we spotted, 7 were puts, with a value of $538,765, and 2 were calls, valued at $133,236.
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $25.0 to $42.0 for Delta Air Lines over the last 3 months.
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 $25.0 to $42.0, over the past month.
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
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DAL | PUT | SWEEP | BULLISH | 08/02/24 | $0.27 | $0.25 | $0.26 | $40.00 | $166.6K | 1.3K | 17 |
DAL | PUT | SWEEP | BEARISH | 09/20/24 | $2.17 | $2.0 | $2.0 | $40.00 | $129.8K | 7.6K | 2 |
DAL | CALL | SWEEP | BULLISH | 09/06/24 | $1.2 | $1.19 | $1.19 | $42.00 | $94.4K | 8 | 843 |
DAL | PUT | SWEEP | BEARISH | 11/15/24 | $1.63 | $1.57 | $1.63 | $36.00 | $84.7K | 87 | 522 |
DAL | PUT | TRADE | BEARISH | 08/30/24 | $2.9 | $0.62 | $2.03 | $41.00 | $53.1K | 83 | 262 |
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.
After a thorough review of the options trading surrounding Delta Air Lines, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
2 market experts have recently issued ratings for this stock, with a consensus target price of $60.5.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Delta Air Lines options trades with real-time alerts from Benzinga Pro.
Posted In: DAL