Option traders moderately bearish in Delta Air Lines (DAL), with shares down 22c near $54.30. Options volume relatively light with 15k contracts traded and calls leading puts for a put/call ratio of 0.32, compared to a typical level near 0.97. Implied volatility (IV30) is higher by 1.5 points near 37.69,and below the 52wk median, suggesting an expected daily move of $1.29. 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:
- Delta Air Lines pilot arrested after landing in San Francisco, NYT reports
- Delta Air Lines management to meet with Jefferies
- Eli Lilly, McDonald’s, Marvell, Delta, RTX: Insider Sales Shake Market
- Mixed options sentiment in Delta Air Lines with shares down 1.87%
- What to Expect from American Airlines’ (AAL) Q2 Earnings This Week?