Analyzing Delta Air Lines's Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Delta Air Lines (NYSE:DAL) experienced unusual options activity with a bearish sentiment, as the stock price rose to $44.22. The activity involved a call option sweep with a strike price of $45.00, expiring on July 16, 2021, with a volume of 1838 and open interest of 10711.
July 01, 2021 | 3:54 pm
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Delta Air Lines experienced unusual options activity with a bearish sentiment, as the stock price rose to $44.22. The activity involved a call option sweep with a strike price of $45.00, expiring on July 16, 2021.
The unusual options activity with a bearish sentiment suggests that investors expect the stock price to decrease. The call option sweep with a strike price above the current stock price indicates a lack of confidence in the stock reaching that level by expiration.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100