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Mixed options sentiment in Delta Air Lines (DAL), with shares up $0.49 (+0.97%) near $50.77

Options volume is relatively light, with 4214 contracts traded and calls leading puts for a put/call ratio of 0.66, compared to a typical level near 0.95. Implied volatility (IV30) dropped 0.23 to 44.02,above the median, suggesting an expected daily move of $1.41. Put-call skew steepened, indicating increased demand for downside protection.

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