Bearish flow noted in Delta Air Lines (DAL) with 13,558 puts trading, or 2x expected. Most active are Apr-26 67.5 puts and Mar-26 65 puts, with total volume in those strikes near 6,500 contracts. The Put/Call Ratio is 1.60, while ATM IV is up over 1 point on the day. Earnings are expected on April 8th.
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