Notable profits for the buyer who lifted the $1.51 offer for 8,008 Delta Air Lines (DAL) Jan-26 72 calls yesterday at 15:00ET when underlying shares were trading at $69.10. Shares closed at $69.53, and the calls at $1.68 for a mark-to-market profit of 11%, or $132K, on the $1209K outlay.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DAL:
- JBLU, DAL, AAL: Airline Stocks Slide as Winter Storm Hits Northeast
- 5 Under-the-Radar Stocks Earning Top Marks from TipRanks’ AI Analyst
- Flights canceled as storms hit both U.S. coasts, Bloomberg reports
- U.S. Airlines Take a Plunge Despite Record Festive Traffic Forecasts
- Delta Air Lines price target raised to $80 from $70 at Raymond James