Delta Air Lines Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Delta Air Lines (NYSE:DAL), with 71% of recent trades being bearish and 28% bullish. The total amount for put options is $1,202,911 and for call options is $327,850. The targeted price range for Delta Air Lines over the last 3 months is from $23.0 to $55.0. The current price of DAL is up 3.21% at $43.77.
August 29, 2023 | 8:31 pm
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A significant investor has taken a bearish stance on Delta Air Lines. The targeted price range for Delta Air Lines over the last 3 months is from $23.0 to $55.0. The current price of DAL is up 3.21% at $43.77.
The bearish stance taken by a significant investor, along with the high volume of put options, suggests a potential downward pressure on Delta Air Lines' stock price in the short term. However, the current price is up, indicating some market resilience.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100