Mixed options sentiment in Delta Air Lines with shares up 3.35%

Mixed options sentiment in Delta Air Lines (DAL), with shares up $2.12, or 3.35%, near $65.56. Options volume running well above average with 26k contracts traded and calls leading puts for a put/call ratio of 0.77, compared to a typical level near 1.1. Implied volatility (IV30) dropped 3.6 near 52.79,in the top quartile of the past year, suggesting an expected daily move of $2.18. Put-call skew steepened, indicating increased demand for downside protection.Looking ahead: Delta Air Lines (DAL) will report earnings after the close on None.Option markets are pricing in a 50% probability of a move greater than 0.0% or $0.00.