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The Latest Options Trading Trends at Delta Air Lines – Delta Air Lines (NYSE:DAL)

The Latest Options Trading Trends at Delta Air Lines – Delta Air Lines (NYSE:DAL)

Whales with lots of money to spend have adopted a remarkably optimistic attitude Delta Airlines.

Looking at the options history for Delta Air Lines VALLEY We detected 8 transactions.

If we look at the specific characteristics of each transaction, we can say that 75% of investors opened transactions with a positive expectation and 0% with a negative expectation.

Of the total number of trades spotted, there are 2 puts, totaling $90,020, and 6 calls, totaling $969,980.

Projected Price Targets

After evaluating trading volumes and Open Interest, it is clear that the main market moves are focused on a price range between $30.0 and $50.0 for Delta Air Lines, over the last three months.

Analyze volume and open interest

Looking at volume and open interest is a powerful move when trading options. This data can help you track the liquidity and interest for Delta Air Lines options at a given strike price. Below we can see the evolution of volume and open interest of calls and puts respectively for all Delta Air Lines whale trades within a strike price range of $30.0 to $50.0 over the last 30 days.

Delta Air Lines 30-Day Option Volume and Interest Snapshot

Largest Observed Option Trades:

Symbol BUY/BELL Trade type Sentiment Date of Issue To ask Offer Price Exercise price Total trade price Outstanding interest Volume
VALLEY PHONE CALL TRADE BULLISH 16/08/24 €1.29 $1.24 €1.29 $50.00 $645.0K 8.7K 110
VALLEY PHONE CALL TRADE NEUTRAL 16/08/24 $1.3 $1.28 €1.29 $50.00 $129.0K 8.7K 5.1K
VALLEY PHONE CALL TRADE NEUTRAL 20/12/24 €18.00 $17.65 €17.80 $30.00 $60.5K 24 0
VALLEY PUT DOWN SWEEP BULLISH 20-06-25 $5.4 $5.25 $5.22 $47.00 $52.7K 1.6K 2
VALLEY PHONE CALL TRADE BULLISH 20-12-24 $17.95 $17.2 €17.80 $30.00 $51.6K 24 0

About Delta Airlines

Atlanta-based Delta Air Lines is one of the largest airlines in the world, with a network of more than 300 destinations in more than 50 countries. Delta operates a hub-and-spoke network, where it collects and distributes passengers around the world through its major hubs in Atlanta, New York, Salt Lake City, Detroit, Seattle and Minneapolis-St. Paul. Delta has historically earned the majority of its international revenue and profits from flying passengers across the Atlantic Ocean.

The current market status of Delta Air Lines

  • With a trading volume of 2,693,343, DAL’s price is down -0.95% to $46.99.
  • Current RSI values ​​indicate that the stock may be oversold.
  • The next earnings report is scheduled for ten days.

What Analysts Say About Delta Air Lines

A total of 1 professional analysts have weighed in on this stock over the last 30 days, setting an average price target of $56.0.

  • A Jefferies analyst has decided to maintain a Buy rating on Delta Air Lines, which currently stands at a price target of $56.

Options trading carries higher risks and potential rewards. Smart traders manage these risks by continually educating themselves, adjusting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay on top of the latest Delta Air Lines options trades with real-time alerts from Benzinga Pro.