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Mixed options sentiment in Delta Air Lines (DAL), with shares up $2.82 (+5.83%) near $51.16.

Options volume is more than double the daily average, with 180k contracts traded and calls leading puts for a put/call ratio of 0.26, compared to a typical level near 1.09. Implied volatility (IV30) dropped 5.99 to 42.08,above the median, suggesting an expected daily move of $1.36. Put-call skew steepened, indicating increased demand for downside protection.

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