Mixed options sentiment in Delta Air Lines (DAL), with shares up 90c, or 1.71%, near $53.77. Options volume relatively light with 29k contracts traded and calls leading puts for a put/call ratio of 0.61, compared to a typical level near 1.0. Implied volatility (IV30) dropped 1.08 near 37.47,and below the 52wk median, suggesting an expected daily move of $1.27. Put-call skew steepened, indicating increased demand for downside protection.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DAL:
- Tesla grants Musk big payout, Wayfair reports Q2 beat: Morning Buzz
- Delta Air hit with criticism over using AI to set airfares, WSJ says
- Delta Air Lines Stock Tumbles Amid Mixed Sentiment
- Bearish options flow identified in Delta Air Lines with shares down 3.64%
- Option traders moderately bearish in Delta Air Lines with shares down 0.39%