Mixed options sentiment in Delta Air Lines (DAL), with shares down $1.04 near $54.94. Options volume relatively light with 51k contracts traded and calls leading puts for a put/call ratio of 0.34, compared to a typical level near 1.05. Implied volatility (IV30) dropped 0.01 near 34.07,in the bottom quartile of the past year, suggesting an expected daily move of $1.18. Put-call skew steepened, indicating increased demand for downside protection.
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