Bearish flow noted in Delta Air Lines (DAL) with 14,198 puts trading, or 2.0x expected. Most active are 4/2 weekly 65 puts and 3/27 weekly 66 puts, with total volume in those strikes near 12,200 contracts. The Put/Call Ratio is 6.68, while ATM IV is up over 1 point on the day. Earnings are expected on April 8th.
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