Behind the Scenes of Delta Air Lines's Latest Options Trends
Portfolio Pulse from Benzinga Insights
Benzinga's options scanner revealed significant options activity on Delta Air Lines (NYSE:DAL), with 9 option transactions totaling $529,386 and 6 puts valued at $580,380. The focus is on a price range of $35.0 to $46.0 for DAL, based on trading volumes and open interest over the last three months. The largest options trades were bearish and bullish puts with expiration dates ranging from February 2024 to April 2024. Delta Air Lines, a major airline based in Atlanta, has seen its stock price increase by 1.39% to $40.9, with a trading volume of 2,649,349. The RSI indicates the stock may be overbought, and an earnings announcement is expected in 22 days.
December 21, 2023 | 4:46 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Delta Air Lines has seen a notable amount of options activity, indicating investor interest in the $35-$46 price range. The stock price has recently increased and may be overbought according to RSI indicators. An upcoming earnings announcement could further influence the stock's performance.
The mixed sentiment in options activity (both bearish and bullish) suggests uncertainty in the stock's short-term direction. The overbought RSI may lead to a pullback, but the upcoming earnings report could offset this with positive news. The score is neutral due to these conflicting signals.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100