Investors with a lot of money to spend have taken a bearish stance on Delta Air Lines (NYSE:DAL).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with DAL, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 9 uncommon options trades for Delta Air Lines.
This isn't normal.
The overall sentiment of these big-money traders is split between 44% bullish and 55%, bearish.
Out of all of the special options we uncovered, 5 are puts, for a total amount of $188,609, and 4 are calls, for a total amount of $168,180.
Projected Price Targets
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 $67.5 for Delta Air Lines over the last 3 months.
Insights into Volume & Open Interest
In today's trading context, the average open interest for options of Delta Air Lines stands at 737.83, with a total volume reaching 664.00. 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 $67.5, throughout the last 30 days.
Delta Air Lines Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| 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 | $33.2 | $33.0 | $33.0 | $30.00 | $66.0K | 369 | 20 |
| DAL | PUT | SWEEP | BEARISH | 01/16/26 | $8.2 | $8.05 | $8.2 | $60.00 | $42.6K | 1.3K | 52 |
| DAL | CALL | SWEEP | BULLISH | 01/15/27 | $17.5 | $17.5 | $17.5 | $55.00 | $42.0K | 331 | 0 |
| DAL | PUT | SWEEP | BEARISH | 01/16/26 | $8.25 | $8.05 | $8.25 | $60.00 | $40.4K | 1.3K | 250 |
| DAL | PUT | SWEEP | BEARISH | 01/16/26 | $8.15 | $8.0 | $8.15 | $60.00 | $39.1K | 1.3K | 201 |
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.
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.
Present Market Standing of Delta Air Lines
- With a trading volume of 351,666, the price of DAL is up by 0.59%, reaching $61.08.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 10 days from now.
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.
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.
