Press "Enter" to skip to content

Options Trading: Delta Air Lines's Smart Money Trades For September 15

Someone with a lot of money to spend (and possibly insider knowledge) has taken an unusually bullish stance on Delta Air Lines.

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don’t know. But when something this big happens with DAL, it often means somebody knows something is about to happen.

So how do we know what the Smart Money just did?

Today, Benzinga’s options scanner spotted 11 uncommon options trades for Delta Air Lines (NYSE:DAL).

This isn’t normal.

The overall sentiment of these big-money traders is split between 63.64% bullish and 36.36%, bearish.

Out of all of the special options we uncovered, 2 are puts, for a total amount of $259,180, and 9 are calls, for a total amount of $471,438.

What’s The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that the smart money is targeting a price range from $37.0 to $41.0 for Delta Air Lines in the over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Delta Air Lines’s options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Delta Air Lines’s smart money trades within a strike price range from $37.0 to $41.0 in the last 30 days.

Delta Air Lines Option Volume And Open Interest Over Last 30 Days

Options Call Chart

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
DAL CALL TRADE BEARISH 09/17/21 $39.00 $132.5K 8.5K 2.6K
DAL CALL SWEEP BEARISH 09/17/21 $40.00 $49.3K 22.3K 3.4K
DAL PUT TRADE BULLISH 10/15/21 $40.00 $198.0K 3.9K 901
DAL CALL SWEEP BULLISH 10/15/21 $40.00 $37.0K 3.8K 1.7K
DAL CALL SWEEP BULLISH 10/15/21 $40.00 $38.6K 3.8K 1.0K

Where Is Delta Air Lines Standing Right Now?

  • With a volume of 5,457,993, the price of DAL is up 0.46% over the last 24 hours at $39.62.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 27 days.

Price and RSI Chart

What The Experts Say On Delta Air Lines:

  • Morgan Stanley has decided to maintain their Overweight rating on Delta Air Lines, which currently sits at a price target of $67.0.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely. If you are already an options trader or would like to get started, head on over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy.

This post was originally published on this site

Be First to Comment

Leave a Reply

Your email address will not be published. Required fields are marked *