Bearish flow noted in Delta Air Lines (DAL) with 8,776 puts trading, or 1.2x expected. Most active are Feb-25 62 puts and Apr-25 65 puts, with total volume in those strikes near 3,200 contracts. The Put/Call Ratio is 1.63, while ATM IV is up over 1 point on the day. Earnings are expected on April 9th.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DAL:
- Delta offering $30K to each passenger on jet that flipped in Toronto, WaPo says
- DAL, UAL, or LUV: Which Airline Stock Is Wall Street’s Best Pick?
- Delta Air Lines put volume heavy and directionally bearish
- Delta flight crashes in Toronto, Southwest cuts corporate roles: Morning Buzz
- Delta airplane crashes at Toronto Airport injuring at least 15