Looking At Delta Air Lines's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A whale has taken a bearish stance on Delta Air Lines (NYSE:DAL), with 57% of recent unusual options activity being bearish. The total trade amounts are $178,566 for puts and $1,053,716 for calls, targeting a price range of $33 to $50 over the last 3 months.
June 20, 2023 | 5:46 pm
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A whale has taken a bearish stance on Delta Air Lines, with 57% of recent unusual options activity being bearish, targeting a price range of $33 to $50 over the last 3 months.
The bearish stance taken by the whale, with 57% of the unusual options activity being bearish, indicates a negative sentiment towards Delta Air Lines. This could lead to increased selling pressure and a potential short-term decline in the stock price. The targeted price range of $33 to $50 also suggests that the whale expects the stock price to fluctuate within this range, which could impact the stock's short-term performance.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100