This Is What Whales Are Betting On Delta Air Lines
Portfolio Pulse from Benzinga Insights
Wealthy investors have taken a predominantly bearish stance on Delta Air Lines (NYSE:DAL), as observed through 11 significant options trades. The sentiment is split with 63% bearish and 27% bullish. The trading volumes and open interest suggest a focus on a price range between $40.0 and $70.0. Delta's current stock price is $52.72, with an upcoming earnings announcement in 51 days.
May 21, 2024 | 5:01 pm
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Wealthy investors have taken a predominantly bearish stance on Delta Air Lines (NYSE:DAL), as observed through 11 significant options trades. The sentiment is split with 63% bearish and 27% bullish. The trading volumes and open interest suggest a focus on a price range between $40.0 and $70.0. Delta's current stock price is $52.72, with an upcoming earnings announcement in 51 days.
The significant bearish sentiment from wealthy investors, as indicated by the options trades, suggests a negative short-term outlook for Delta Air Lines. The focus on a price range between $40.0 and $70.0 and the current stock price of $52.72 indicate potential downward pressure. The upcoming earnings announcement in 51 days adds to the uncertainty.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100