Benzinga | Nov 30, 2021 04:11PM EST

Delta Air Lines Whale Trades For November 29

A whale with a lot of money to spend has taken a noticeably bullish stance on Delta Air Lines.

Looking at options history for Delta Air Lines (NYSE:DAL) we detected 14 strange trades.

If we consider the specifics of each trade, it is accurate to state that 57.14% of the investors opened trades with bullish expectations and 42.86% with bearish.

From the overall spotted trades, 6 are puts, for a total amount of $278,346.00 and 8, calls, for a total amount of $443,576.00.

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 $30.0 to $50.0 for Delta Air Lines over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

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 activity within a strike price range from $30.0 to $50.0 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 CALL TRADE BULLISH 01/21/ $36.00 $119.2K 659 21 22DAL CALL SWEEP BEARISH 02/18/ $37.00 $79.1K 211 63 22DAL PUT SWEEP BULLISH 06/17/ $35.00 $76.1K 15.6K 362 22DAL CALL TRADE BULLISH 01/20/ $35.00 $73.5K 4.8K 108 23DAL PUT SWEEP BEARISH 02/18/ $36.00 $58.2K 1.0K 965 22

Where Is Delta Air Lines Standing Right Now?

* With a volume of 11,392,679.00, the price of DAL is down -0.47% at $36.21.

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

* Next earnings are expected to be released in 45 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.