Benzinga | Nov 1, 2021 12:07PM EDT

Check Out What Whales Are Doing With DAL

A whale with a lot of money to spend (and possibly insider knowledge) has taken a noticeably bullish stance on Delta Air Lines.

Looking at options history for Delta Air Lines (NYSE:DAL) we detected 12 strange trades.

If we consider the specifics of each trade, it is accurate to state that 50.0% of the investors opened trades with bullish expectations and 50.0% with bearish.

From the overall spotted trades, 4 are puts, for a total amount of $214,417 and 8, calls, for a total amount of $383,756.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $20.0 to $60.0 for Delta Air Lines 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 whale trades within a strike price range from $20.0 to $60.0 in the last 30 days.

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

Biggest Options Spotted:

Symbol PUT/ Trade Sentiment Exp. Strike Total Trade Open Volume CALL Type Date Price Price InterestDAL PUT TRADE BEARISH 01/20/ $60.00 $105.0K 226 50 23DAL CALL TRADE NEUTRAL 12/17/ $42.00 $99.6K 13.7K 1.0K 21DAL CALL SWEEP BULLISH 01/21/ $36.00 $70.5K 154 153 22DAL CALL SWEEP BULLISH 12/17/ $42.00 $55.1K 13.7K 1.5K 21DAL PUT SWEEP BEARISH 01/21/ $44.00 $39.9K 1.2K 196 22

Where Is Delta Air Lines Standing Right Now?

* With a volume of 4,601,245, the price of DAL is up 1.78% at $39.83.

* RSI indicators hint that the underlying stock may be oversold.

* Next earnings are expected to be released in 73 days.

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.