Ultime notizie per Delta Air Lines (NYSE:DAL) Azioni

Delta Air Lines

Atlanta-based Delta Air Lines is one of the world's largest airlines, with a network of over 300 destinations in more than 50 countries. Delta operates a hub-and-spoke network, where it gathers and distributes passengers across the globe through its biggest hubs in Atlanta, New York, Salt Lake City, Detroit, Seattle, and Minneapolis-St. Paul. Delta has historically earned the greatest portion of its international revenue and profits from flying passengers over the Atlantic Ocean.

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Malcolm Ethridge suggerisce che ora è il momento migliore per investire in CrowdStrike nonostante le recenti difficoltà aziendali.

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Delta Air Lines Inc

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Spartan Delta Corp

On CNBC's &#8220;<a href="https://www.cnbc.com/video/2024/09/26/final-trades-palo-alto-networks-delta-air-lines-paypal-and-the-xlv.html">Halftime Report Final Trades</a>,&#8221; Brenda Vingiello of Sand Hill Global Advisors said Palo Alto Networks, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) continues to gain market share in <a href="https://www.benzinga.com/quote/PANW/earnings">the cybersecurity space</a>.
On Aug. 19, Palo Alto Networks reported better-than-expected results for its fourth quarter and issued strong guidance. Palo Alto's board authorized an additional $500 million for share repurchases, bringing the company's remaining buyback authorization up to $1 billion.
Jim Lebenthal of Cerity Partners named Delta Air Lines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) as his final trade.
Southwest Airlines Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>) recently introduced a new $2.5 billion share repurchase program. Southwest&#8217;s repurchase plan, alongside its enhanced growth projections and cost-saving initiatives, signals broader optimism for the airline industry&#8217;s recovery and profitability. Delta, as one of the leading carriers in the U.S., could see increased investor interest as competitors like Southwest aim for financial efficiency and stronger earnings growth. Delta Air Lines is scheduled to hold a live conference call and webcast to discuss its September quarter financial <a href="https://www.benzinga.com/news/24/09/41051475/why-delta-air-lines-shares-are-rising">results on Thursday, Oct. 10</a>.
Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
Liz Young Thomas of SoFi picked The Health Care Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLV#NYSE">XLV</a>).
Joshua Brown of Ritholtz Wealth Management said PayPal Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>) continues to break out.
PayPal Holdings recently unveiled its plan to extend cryptocurrency services to U.S. business account holders, with the exception of New York State. As per a press release issued on Tuesday, the latest move would enable U.S. merchants to buy, sell, and hold cryptocurrency directly from <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/41038635/paypal-steps-up-crypto-game-allows-us-merchants-to-buy-sell-and-hold-digital-assets">their business accounts</a>.
Price Action:
<ul>
<li>Palo Alto fell 0.5% to close at $338.73 during Thursday's session.</li>
<li>Delta Air shares gained 6.3% to settle at $51.81 on Thursday.</li>
<li>The Health Care Select Sector SPDR Fund gained 0.3% during Thursday's session.</li>
<li>PayPal shares gained 3.5% to close at $80.08 on Thursday.</li>
</ul>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/markets/24/09/41054730/top-3-tech-stocks-that-are-ticking-portfolio-bombs">Top 3 Tech Stocks That Are Ticking Portfolio Bombs</a></li>
</ul>
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Palo Alto, Delta Air, PayPal And More On CNBC's 'Final Trades'

In the latest trading session, Delta Air Lines (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dal#NYSE">DAL</a>) closed at $47.80, marking a +1.36% move from the previous day. The stock outpaced the S&amp;P 500&#39;s daily gain of 0.25%. Elsewhere, the Dow saw an upswing of 0.2%, while the tech-heavy Nasdaq appreciated by 0.56%.
Coming into today, shares of the airline had gained 15.08% in the past month. In that same time, the Transportation sector gained 2.16%, while the S&amp;P 500 gained 1.65%.
The upcoming earnings release of Delta Air Lines will be of great interest to investors. In that report, analysts expect Delta Air Lines to post earnings of $1.54 per share. This would mark a year-over-year decline of 24.14%. Alongside, our most recent consensus estimate is anticipating revenue of $15.49 billion, indicating no movement from the same quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $6.11 per share and a revenue of $59.45 billion, representing changes of -2.24% and +2.42%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Delta Air Lines. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company&#39;s business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 3.11% higher. Right now, Delta Air Lines possesses a Zacks Rank of #3 (Hold).
In the context of valuation, Delta Air Lines is at present trading with a Forward P/E ratio of 7.72. This represents a discount compared to its industry&#39;s average Forward P/E of 10.22.
We can also see that DAL currently has a PEG ratio of 0.91. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company&#39;s expected earnings growth rate. The average PEG ratio for the Transportation - Airline industry stood at 0.87 at the close of the market yesterday.
The Transportation - Airline industry is part of the Transportation sector. Currently, this industry holds a Zacks Industry Rank of 76, positioning it in the top 31% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
<a href="https://www.zacks.com/stock/news/2340860/delta-air-lines-dal-laps-the-stock-market-here-s-why?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_6v1-2340860">To read this article on Zacks.com click here.</a>

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Delta Air Lines Laps the Stock Market: Here's Why

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Industrials sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>UPS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$85.00</td>
<td>$48.8K</td>
<td>1</td>
<td style="text-align: right;">904</td>
</tr>
<tr>
<td>DAL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$52.50</td>
<td>$44.0K</td>
<td>1.5K</td>
<td style="text-align: right;">427</td>
</tr>
<tr>
<td>LUNR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$6.00</td>
<td>$56.8K</td>
<td>2.9K</td>
<td style="text-align: right;">225</td>
</tr>
<tr>
<td>LUV</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$30.00</td>
<td>$25.7K</td>
<td>1.7K</td>
<td style="text-align: right;">221</td>
</tr>
<tr>
<td>UBER</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$62.50</td>
<td>$273.5K</td>
<td>1.4K</td>
<td style="text-align: right;">170</td>
</tr>
<tr>
<td>SBLK</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$20.00</td>
<td>$40.0K</td>
<td>1.2K</td>
<td style="text-align: right;">104</td>
</tr>
<tr>
<td>LASE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$15.00</td>
<td>$27.2K</td>
<td>0</td>
<td style="text-align: right;">68</td>
</tr>
<tr>
<td>EMR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$105.00</td>
<td>$31.9K</td>
<td>21</td>
<td style="text-align: right;">59</td>
</tr>
<tr>
<td>CAT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/15/27</td>
<td>$360.00</td>
<td>$34.5K</td>
<td>11</td>
<td style="text-align: right;">9</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For UPS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>), we notice a call option sweep that happens to be bearish, expiring in 176 day(s) on March 21, 2025. This event was a transfer of 10 contract(s) at a $85.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $48.8K, with a price of $4880.0 per contract. There were 1 open contracts at this strike prior to today, and today 904 contract(s) were bought and sold. 
• For DAL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>), we notice a call option sweep that happens to be bullish, expiring in 50 day(s) on November 15, 2024. This event was a transfer of 182 contract(s) at a $52.50 strike. This particular call needed to be split into 22 different trades to become filled. The total cost received by the writing party (or parties) was $44.0K, with a price of $242.0 per contract. There were 1544 open contracts at this strike prior to today, and today 427 contract(s) were bought and sold. 
• Regarding LUNR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUNR#NASDAQ">LUNR</a>), we observe a call option sweep with bullish sentiment. It expires in 113 day(s) on January 17, 2025. Parties traded 200 contract(s) at a $6.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $56.8K, with a price of $285.0 per contract. There were 2905 open contracts at this strike prior to today, and today 225 contract(s) were bought and sold. 
• For LUV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>), we notice a call option trade that happens to be bullish, expiring in 477 day(s) on January 16, 2026. This event was a transfer of 50 contract(s) at a $30.00 strike. The total cost received by the writing party (or parties) was $25.7K, with a price of $515.0 per contract. There were 1795 open contracts at this strike prior to today, and today 221 contract(s) were bought and sold. 
• Regarding UBER (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>), we observe a call option sweep with bullish sentiment. It expires in 113 day(s) on January 17, 2025. Parties traded 170 contract(s) at a $62.50 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $273.5K, with a price of $1609.0 per contract. There were 1466 open contracts at this strike prior to today, and today 170 contract(s) were bought and sold. 
• For SBLK (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBLK#NASDAQ">SBLK</a>), we notice a call option sweep that happens to be bullish, expiring in 113 day(s) on January 17, 2025. This event was a transfer of 100 contract(s) at a $20.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $40.0K, with a price of $400.0 per contract. There were 1236 open contracts at this strike prior to today, and today 104 contract(s) were bought and sold. 
• Regarding LASE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LASE#NASDAQ">LASE</a>), we observe a call option sweep with bullish sentiment. It expires in 203 day(s) on April 17, 2025. Parties traded 68 contract(s) at a $15.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $27.2K, with a price of $400.0 per contract. There were 0 open contracts at this strike prior to today, and today 68 contract(s) were bought and sold. 
• Regarding EMR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EMR#NYSE">EMR</a>), we observe a put option sweep with bearish sentiment. It expires in 176 day(s) on March 21, 2025. Parties traded 58 contract(s) at a $105.00 strike. This particular put needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $31.9K, with a price of $550.0 per contract. There were 21 open contracts at this strike prior to today, and today 59 contract(s) were bought and sold. 
• Regarding CAT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>), we observe a call option trade with bullish sentiment. It expires in 841 day(s) on January 15, 2027. Parties traded 4 contract(s) at a $360.00 strike. The total cost received by the writing party (or parties) was $34.5K, with a price of $8632.0 per contract. There were 11 open contracts at this strike prior to today, and today 9 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

LASE

LUNR

SBLK

UBER

9 Industrials Stocks With Whale Alerts In Today's Session

CNBC Halftime Report Final Trades: Palo Alto Networks, Delta Air Lines, PayPal Holdings, SPDR Select Sector Fund - Health Care

Delta Air Lines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) shares are trading higher by 6.09% to $51.72 during Thursday&#8217;s session following news that Southwest Airlines Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>) introduced a new $2.5 billion share <a href="https://www.benzinga.com/markets/equities/24/09/41045875/whats-going-on-with-southwest-airlines-stock-after-guidance-update">repurchase program</a>.
What To Know: Southwest's repurchase plan, alongside its enhanced growth projections and cost-saving initiatives, signals broader optimism for the airline industry's recovery and profitability. Delta, as one of the leading carriers in the U.S., could see increased investor interest as competitors like Southwest aim for financial efficiency and stronger earnings growth. 
Southwest's expectation of delivering $4 billion in incremental EBIT by 2027 and achieving a 15% or greater return on invested capital underscores the financial health and long-term profitability of major airlines, fostering a more favorable perception of the sector.
Read Also: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/09/41049089/treasury-bond-etf-under-pressure-ahead-of-key-inflation-data-what-investors-should-know">Treasury Bond ETF Under Pressure Ahead Of Key Inflation Data: What Investors Should Know</a>
Delta also stands to benefit from the same industry tailwinds that Southwest is leveraging, particularly as both companies share similar challenges and opportunities. The lowering of fuel costs, a key factor in Southwest's guidance adjustment for economic fuel costs per gallon, suggests an improved cost environment for all carriers.
What Else: Moreover, Southwest&#8217;s focus on operational efficiency—through hiring control, scheduling optimization, and supply chain opportunities—sets a precedent for other carriers like Delta to continue driving their own efficiency initiatives. 
Delta's ability to manage costs while enhancing its customer experience has been a key pillar of its business strategy, and investors may view Southwest's news as an industry-wide validation of the growing profitability potential for major carriers.
Delta, which has long emphasized premium service and product differentiation, may benefit from this shift as more airlines adapt to evolving customer expectations. Any moves by competitors to enhance customer satisfaction can encourage broader investment in the sector, as carriers look to attract a loyal customer base and boost long-term revenue.
Read Also: <a href="https://www.benzinga.com/markets/equities/24/09/41049938/chargepoints-vision-for-ev-charging-eyes-future-growth-with-plug-and-charge-and-ai-driven-soluti">ChargePoint&#8217;s Vision For EV Charging: Eyes Future Growth With &#8216;Plug And Charge&#8217; And AI-Driven Solutions</a>
<h2 class="wp-block-heading">How To Buy DAL Stock</h2>
By now you're likely curious about how to participate in the market for Delta Air Lines &#8211; be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of <a href="https://www.benzinga.com/money/best-stock-trading-platforms">possible trading platforms here.</a> Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, or Amazon.com, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so. 
In the the case of Delta Air Lines, which is trading at $51.29 as of publishing time, $100 would buy you 1.95 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a <a href="https://www.benzinga.com/money/how-to-short-a-stock">stock can be found at this resource.</a> Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading &#8211; either way it allows you to profit off of the share price decline.
According to data from&nbsp;<a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, DAL has a 52-week high of $53.86 and a 52-week low of $30.60.

Why Delta Air Lines Shares Are Rising

WIIM

AZUL

JBLU

SAVE

Shares of airline stocks are trading higher in sympathy with Southwest, which gained after a Q3 guidance update.

Whales with a lot of money to spend have taken a noticeably bullish stance on Delta Air Lines.
Looking at options history for Delta Air Lines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) we detected 15 trades.
If we consider the specifics of each trade, it is accurate to state that 53% of the investors opened trades with bullish expectations and 40% with bearish.
From the overall spotted trades, 4 are puts, for a total amount of $294,345 and 11, calls, for a total amount of $739,713.
<h3>Predicted Price Range</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $20.0 and $55.0 for Delta Air Lines, spanning the last three months.
<h3>Volume &amp; Open Interest Trends</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Delta Air Lines's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Delta Air Lines's significant trades, within a strike price range of $20.0 to $55.0, over the past month.
<h3>Delta Air Lines Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727208045_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>DAL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$0.9</td>
<td>$0.89</td>
<td>$0.9</td>
<td>$55.00</td>
<td>$212.9K</td>
<td>4.6K</td>
<td>2.4K</td>
</tr>
<tr>
<td>DAL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$5.45</td>
<td>$5.35</td>
<td>$5.45</td>
<td>$45.00</td>
<td>$110.1K</td>
<td>2.0K</td>
<td>204</td>
</tr>
<tr>
<td>DAL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$10.15</td>
<td>$10.05</td>
<td>$10.15</td>
<td>$40.00</td>
<td>$101.5K</td>
<td>716</td>
<td>0</td>
</tr>
<tr>
<td>DAL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$10.15</td>
<td>$10.05</td>
<td>$10.15</td>
<td>$40.00</td>
<td>$93.3K</td>
<td>716</td>
<td>200</td>
</tr>
<tr>
<td>DAL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$1.3</td>
<td>$1.18</td>
<td>$1.2</td>
<td>$46.00</td>
<td>$84.0K</td>
<td>3.8K</td>
<td>730</td>
</tr>
</tbody>
</table>

<h3>About Delta Air Lines</h3>
Atlanta-based Delta Air Lines is one of the world's largest airlines, with a network of over 300 destinations in more than 50 countries. Delta operates a hub-and-spoke network, where it gathers and distributes passengers across the globe through its biggest hubs in Atlanta, New York, Salt Lake City, Detroit, Seattle, and Minneapolis-St. Paul. Delta has historically earned the greatest portion of its international revenue and profits from flying passengers over the Atlantic Ocean.
Following our analysis of the options activities associated with Delta Air Lines, we pivot to a closer look at the company's own performance.
<h3>Current Position of Delta Air Lines</h3>
<ul>
<li>With a trading volume of 3,814,905, the price of DAL is up by 0.94%, reaching $47.6.</li>
<li>Current RSI values indicate that the stock is may be overbought.</li>
<li>Next earnings report is scheduled for 16 days from now.</li>
</ul>
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Delta Air Lines options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Looking At Delta Air Lines's Recent Unusual Options Activity

Financial giants have made a conspicuous bearish move on Delta Air Lines. Our analysis of options history for Delta Air Lines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) revealed 10 unusual trades.
Delving into the details, we found 20% of traders were bullish, while 80% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $419,780, and 7 were calls, valued at $764,295.
<h3>Projected Price Targets</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $28.0 to $57.5 for Delta Air Lines during the past quarter. 
<h3>Volume &amp; Open Interest Development</h3>
In today's trading context, the average open interest for options of Delta Air Lines stands at 2350.22, with a total volume reaching 3,466.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Delta Air Lines, situated within the strike price corridor from $28.0 to $57.5, throughout the last 30 days.
<h3>Delta Air Lines 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727122546_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>DAL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$19.8</td>
<td>$19.8</td>
<td>$19.8</td>
<td>$28.00</td>
<td>$237.6K</td>
<td>806</td>
<td>120</td>
</tr>
<tr>
<td>DAL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$3.35</td>
<td>$3.3</td>
<td>$3.3</td>
<td>$47.00</td>
<td>$211.2K</td>
<td>5.7K</td>
<td>640</td>
</tr>
<tr>
<td>DAL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$1.4</td>
<td>$1.39</td>
<td>$1.4</td>
<td>$46.00</td>
<td>$202.9K</td>
<td>2.2K</td>
<td>1.5K</td>
</tr>
<tr>
<td>DAL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$11.2</td>
<td>$11.15</td>
<td>$11.2</td>
<td>$57.50</td>
<td>$178.0K</td>
<td>68</td>
<td>160</td>
</tr>
<tr>
<td>DAL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$2.43</td>
<td>$2.42</td>
<td>$2.43</td>
<td>$52.50</td>
<td>$89.4K</td>
<td>3.3K</td>
<td>398</td>
</tr>
</tbody>
</table>

<h3>About Delta Air Lines</h3>
Atlanta-based Delta Air Lines is one of the world's largest airlines, with a network of over 300 destinations in more than 50 countries. Delta operates a hub-and-spoke network, where it gathers and distributes passengers across the globe through its biggest hubs in Atlanta, New York, Salt Lake City, Detroit, Seattle, and Minneapolis-St. Paul. Delta has historically earned the greatest portion of its international revenue and profits from flying passengers over the Atlantic Ocean.
In light of the recent options history for Delta Air Lines, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Delta Air Lines's Current Market Status</h3>
<ul>
<li>With a volume of 5,210,395, the price of DAL is up 0.47% at $47.16. </li>
<li>RSI indicators hint that the underlying stock may be overbought.</li>
<li>Next earnings are expected to be released in 17 days.</li>
</ul>
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>.
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 want to stay updated on the latest options trades for Delta Air Lines, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Delta Air Lines's Options: A Look at What the Big Money is Thinking

Delta Air Lines's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) short percent of float has fallen 4.8% since its last report. The company recently reported that it has 30.55 million shares sold short, which is 5.35% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.97 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Delta Air Lines Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726771512_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Delta Air Lines has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Delta Air Lines's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Delta Air Lines's peer group average for short interest as a percentage of float is 12.40%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

(DAL) - Analyzing Delta Air Lines's Short Interest

Investors with a lot of money to spend have taken a bullish stance on Delta Air Lines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, 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 these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 33 uncommon options trades for Delta Air Lines.
This isn't normal.
The overall sentiment of these big-money traders is split between 54% bullish and 42%, bearish.
Out of all of the special options we uncovered, 8 are puts, for a total amount of $512,982, and 25 are calls, for a total amount of $6,512,425.
<h3>Expected Price Movements</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $30.0 and $60.0 for Delta Air Lines, spanning the last three months.
<h3>Volume &amp; Open Interest Trends</h3>
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 $30.0 to $60.0 in the last 30 days. 
<h3>Delta Air Lines 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726593455_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>DAL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$3.8</td>
<td>$3.65</td>
<td>$3.8</td>
<td>$60.00</td>
<td>$2.9M</td>
<td>642</td>
<td>10.1K</td>
</tr>
<tr>
<td>DAL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$3.5</td>
<td>$3.4</td>
<td>$3.49</td>
<td>$47.00</td>
<td>$872.5K</td>
<td>3.0K</td>
<td>2.5K</td>
</tr>
<tr>
<td>DAL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$4.9</td>
<td>$4.8</td>
<td>$4.9</td>
<td>$45.00</td>
<td>$651.7K</td>
<td>5.7K</td>
<td>2.8K</td>
</tr>
<tr>
<td>DAL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$4.95</td>
<td>$4.9</td>
<td>$4.95</td>
<td>$45.00</td>
<td>$305.4K</td>
<td>5.7K</td>
<td>3.2K</td>
</tr>
<tr>
<td>DAL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$5.0</td>
<td>$4.85</td>
<td>$4.85</td>
<td>$45.00</td>
<td>$242.8K</td>
<td>5.7K</td>
<td>1.2K</td>
</tr>
</tbody>
</table>

<h3>About Delta Air Lines</h3>
Atlanta-based Delta Air Lines is one of the world's largest airlines, with a network of over 300 destinations in more than 50 countries. Delta operates a hub-and-spoke network, where it gathers and distributes passengers across the globe through its biggest hubs in Atlanta, New York, Salt Lake City, Detroit, Seattle, and Minneapolis-St. Paul. Delta has historically earned the greatest portion of its international revenue and profits from flying passengers over the Atlantic Ocean.
Having examined the options trading patterns of Delta Air Lines, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Present Market Standing of Delta Air Lines</h3>
<ul>
<li>With a trading volume of 4,873,800, the price of DAL is up by 2.65%, reaching $46.52.</li>
<li>Current RSI values indicate that the stock is may be overbought.</li>
<li>Next earnings report is scheduled for 23 days from now.</li>
</ul>
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 want to stay updated on the latest options trades for Delta Air Lines, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

This Is What Whales Are Betting On Delta Air Lines

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>UAL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$70.00</td>
<td>$3.2 million</td>
<td>4.2K</td>
<td>10.1K</td>
</tr>
<tr>
<td>FWRD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$35.00</td>
<td>$27.9K</td>
<td>11.2K</td>
<td>4.4K</td>
</tr>
<tr>
<td>DAL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$47.00</td>
<td>$527.5K</td>
<td>519</td>
<td>2.5K</td>
</tr>
<tr>
<td>ENVX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/13/24</td>
<td>$9.00</td>
<td>$40.1K</td>
<td>3.1K</td>
<td>1.6K</td>
</tr>
<tr>
<td>UBER</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$80.00</td>
<td>$31.9K</td>
<td>2.1K</td>
<td>1.5K</td>
</tr>
<tr>
<td>RKLB</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$9.00</td>
<td>$94.5K</td>
<td>3.2K</td>
<td>1.1K</td>
</tr>
<tr>
<td>NKLA</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$10.00</td>
<td>$498.0K</td>
<td>5.2K</td>
<td>1.0K</td>
</tr>
<tr>
<td>BA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$160.00</td>
<td>$39.4K</td>
<td>647</td>
<td>501</td>
</tr>
<tr>
<td>PAYX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$140.00</td>
<td>$83.8K</td>
<td>1.0K</td>
<td>421</td>
</tr>
<tr>
<td>WSC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$42.50</td>
<td>$28.2K</td>
<td>449</td>
<td>357</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding UAL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>), we observe a call option trade with bullish sentiment. It expires in 490 day(s) on January 16, 2026. Parties traded 7462 contract(s) at a $70.00 strike. The total cost received by the writing party (or parties) was $3.2 million, with a price of $430.0 per contract. There were 4223 open contracts at this strike prior to today, and today 10112 contract(s) were bought and sold. 
• For FWRD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FWRD#NASDAQ">FWRD</a>), we notice a call option sweep that happens to be bullish, expiring in 7 day(s) on September 20, 2024. This event was a transfer of 193 contract(s) at a $35.00 strike. This particular call needed to be split into 28 different trades to become filled. The total cost received by the writing party (or parties) was $27.9K, with a price of $145.0 per contract. There were 11280 open contracts at this strike prior to today, and today 4459 contract(s) were bought and sold. 
• Regarding DAL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>), we observe a call option trade with bullish sentiment. It expires in 63 day(s) on November 15, 2024. Parties traded 2500 contract(s) at a $47.00 strike. The total cost received by the writing party (or parties) was $527.5K, with a price of $211.0 per contract. There were 519 open contracts at this strike prior to today, and today 2542 contract(s) were bought and sold. 
• For ENVX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENVX#NASDAQ">ENVX</a>), we notice a call option trade that happens to be bullish, is expiring today. Parties traded 550 contract(s) at a $9.00 strike. The total cost received by the writing party (or parties) was $40.1K, with a price of $73.0 per contract. There were 3105 open contracts at this strike prior to today, and today 1600 contract(s) were bought and sold. 
• Regarding UBER (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>), we observe a call option sweep with bearish sentiment. It expires in 280 day(s) on June 20, 2025. Parties traded 43 contract(s) at a $80.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $31.9K, with a price of $742.0 per contract. There were 2164 open contracts at this strike prior to today, and today 1512 contract(s) were bought and sold. 
• For RKLB (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RKLB#NASDAQ">RKLB</a>), we notice a call option sweep that happens to be bullish, expiring in 126 day(s) on January 17, 2025. This event was a transfer of 1050 contract(s) at a $9.00 strike. This particular call needed to be split into 41 different trades to become filled. The total cost received by the writing party (or parties) was $94.5K, with a price of $90.0 per contract. There were 3215 open contracts at this strike prior to today, and today 1154 contract(s) were bought and sold. 
• For NKLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NKLA#NASDAQ">NKLA</a>), we notice a put option trade that happens to be bearish, expiring in 7 day(s) on September 20, 2024. This event was a transfer of 1000 contract(s) at a $10.00 strike. The total cost received by the writing party (or parties) was $498.0K, with a price of $498.0 per contract. There were 5256 open contracts at this strike prior to today, and today 1000 contract(s) were bought and sold. 
• Regarding BA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>), we observe a call option sweep with bearish sentiment. It expires in 63 day(s) on November 15, 2024. Parties traded 40 contract(s) at a $160.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $39.4K, with a price of $985.0 per contract. There were 647 open contracts at this strike prior to today, and today 501 contract(s) were bought and sold. 
• Regarding PAYX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAYX#NASDAQ">PAYX</a>), we observe a call option sweep with bullish sentiment. It expires in 35 day(s) on October 18, 2024. Parties traded 300 contract(s) at a $140.00 strike. This particular call needed to be split into 42 different trades to become filled. The total cost received by the writing party (or parties) was $83.8K, with a price of $280.0 per contract. There were 1023 open contracts at this strike prior to today, and today 421 contract(s) were bought and sold. 
• Regarding WSC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WSC#NASDAQ">WSC</a>), we observe a call option sweep with bullish sentiment. It expires in 35 day(s) on October 18, 2024. Parties traded 332 contract(s) at a $42.50 strike. This particular call needed to be split into 33 different trades to become filled. The total cost received by the writing party (or parties) was $28.2K, with a price of $85.0 per contract. There were 449 open contracts at this strike prior to today, and today 357 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ENVX

FWRD

NKLA

PAYX

RKLB

10 Industrials Stocks With Whale Alerts In Today's Session

Guidance

Delta Air Lines Exec Says When You Have Fuel Going Down & Revenues Heading Up, That's A Pretty Good Indication That Airline Industry Is In A Good Spot

High-rolling investors have positioned themselves bearish on Delta Air Lines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>), and it's important for retail traders to take note. 
\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in DAL often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 11 options trades for Delta Air Lines. This is not a typical pattern.
The sentiment among these major traders is split, with 27% bullish and 63% bearish. Among all the options we identified, there was one put, amounting to $77,000, and 10 calls, totaling $664,685.
<h3>Predicted Price Range</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $30.0 to $45.0 for Delta Air Lines during the past quarter. 
<h3>Volume &amp; Open Interest Development</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Delta Air Lines's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Delta Air Lines's significant trades, within a strike price range of $30.0 to $45.0, over the past month.
<h3>Delta Air Lines Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726149814_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>DAL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/13/24</td>
<td>$3.2</td>
<td>$2.0</td>
<td>$2.41</td>
<td>$44.00</td>
<td>$120.5K</td>
<td>4.2K</td>
<td>0</td>
</tr>
<tr>
<td>DAL</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>09/13/24</td>
<td>$2.35</td>
<td>$1.65</td>
<td>$2.0</td>
<td>$44.50</td>
<td>$100.0K</td>
<td>1.9K</td>
<td>0</td>
</tr>
<tr>
<td>DAL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/18/26</td>
<td>$7.7</td>
<td>$7.2</td>
<td>$7.7</td>
<td>$45.00</td>
<td>$77.0K</td>
<td>674</td>
<td>0</td>
</tr>
<tr>
<td>DAL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/13/24</td>
<td>$0.85</td>
<td>$0.67</td>
<td>$0.7</td>
<td>$45.00</td>
<td>$70.0K</td>
<td>5.3K</td>
<td>1.2K</td>
</tr>
<tr>
<td>DAL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$3.55</td>
<td>$2.85</td>
<td>$3.1</td>
<td>$42.50</td>
<td>$64.1K</td>
<td>1.1K</td>
<td>208</td>
</tr>
</tbody>
</table>

<h3>About Delta Air Lines</h3>
Atlanta-based Delta Air Lines is one of the world's largest airlines, with a network of over 300 destinations in more than 50 countries. Delta operates a hub-and-spoke network, where it gathers and distributes passengers across the globe through its biggest hubs in Atlanta, New York, Salt Lake City, Detroit, Seattle, and Minneapolis-St. Paul. Delta has historically earned the greatest portion of its international revenue and profits from flying passengers over the Atlantic Ocean.
Having examined the options trading patterns of Delta Air Lines, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Where Is Delta Air Lines Standing Right Now?</h3>
<ul>
<li>With a volume of 2,862,325, the price of DAL is up 0.38% at $44.45. </li>
<li>RSI indicators hint that the underlying stock may be overbought.</li>
<li>Next earnings are expected to be released in 28 days.</li>
</ul>
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 want to stay updated on the latest options trades for Delta Air Lines, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

A Closer Look at Delta Air Lines's Options Market Dynamics

Delta shares are trading higher after the company reportedly said FY24 EPS is expected to be at or above the midpoint of the $6-$7 range, with September quarter ASMs up around 4% YoY.

Delta Air Lines Sees FY24 EPS Is Expected To Be At Or Above The Mid Point Of Guidance Of $6-$7; Outlook Sept Quarter ASMs YoY Up About 4 %

Jobs numbers have been lackluster and constantly revised downward. Unemployment is holding steady at around 4.2% but up since March. Sept. 18 is Fed day, and the market is already pricing in a 25-basis points rate cut, maybe even 50 points. That means the most important thing about that decision next week will be what Fed Chairman Jerome Powell ultimately says about it afterwards.
&ldquo;I think strong overall economic indicators, falling inflation, and a shift from defensive assets into equities have driven stocks higher so you have to wonder what additional benefits could a rate cut provide now,&rdquo; said Naeem Aslam, an external consultant for AvaTrade in London.
&ldquo;The most immediate impact would be on highly leveraged companies that would benefit from reduced interest expenses and improved refinancing conditions, but growth stocks, particularly in sectors like tech, could easily see continued momentum in their favor,&rdquo; he said.
The Nasdaq is up around <a href="https://www.nasdaq.com/market-activity/index/ndx">20.6% over the last 12 months</a> ending Sept. 10. Investors in the Invesco Nasdaq ETF (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qqq#NASDAQ">QQQ</a>) have beaten the index, up 23% in 12 months.
<img alt="benzinga_qqq.jpg" src="https://www.benzinga.com/files/u1625319/benzinga_qqq.jpg" style="height:329px; width:624px" />
The Nasdaq 100 Index is likely to move towards the 20,000 price level if markets like what Powell has to say next week. However, if his talk suggests a recession is possible in the months ahead, Nasdaq could fall to 16,900.
For now, &ldquo;It&rsquo;s hard to be bearish,&rdquo; said Vladimir Signorelli, president of Bretton Woods Research, a macro investment research firm in Long Valley, NJ.&nbsp;
The Fed&rsquo;s campaign of contraction that began in early 2022 is beginning to bear fruit. Non-farm payrolls are consistently being <a href="https://www.cnn.com/2024/08/21/economy/bls-jobs-revisions/index.html">revised lower</a>.
&ldquo;We have had 340 thousand jobs revised downward this year alone. That&rsquo;s huge. How do you miss that? Job market weakness is accelerating and so on Sept 18 we will see a rate cut, and maybe even a 50 basis points rate cut,&rdquo; Signorelli said. &ldquo;My hunch is that if Powell wants 50 basis points, he can persuade Christopher Waller (Federal Reserve Board of Governors) to go up from 25.&rdquo;
Waller has already said he was willing to &ldquo;front-load rate cuts&rdquo; if needed in case of economic contraction.&nbsp;
The Fed is being blown out of the water by these lagging indicators, or coming in at the lower quartile of their estimates. They&rsquo;ve been outside the median in their calls because the slowdown has accelerated.
The latest Bureau of Labor Statistics <a href="https://www.bls.gov/news.release/empsit.nr0.htm">data</a> showed 25,000 manufacturing jobs were lost in August alone with &ldquo;little net change over the year.&rdquo;
The Federal funds rate is 5%, with an upper limit of 5.5%.&nbsp;
One part of the market that is focused on guessing interest rate moves has already made their play. They are long equities and have been since mid-summer. But there is more to next week&rsquo;s rate cut than the cut itself.
&ldquo;We are going to be evaluating how Powell characterizes this reduction in rates, the first one since 2020,&rdquo; Signorelli said.
Interest rate cuts will have multiplier effects. Powell&rsquo;s suggestion easing was enough to trim around 140 basis points from the 30-year Treasury bond this year. A single rate cut of around 25 bips could easily take the 10-year from 3.7% yield today to around 3.3% later next week, said Signorelli. Where will that money go? Probably equities. But that will depend on whether the market is worried about a recession.
&ldquo;Heading into the end of the year, U.S. stocks will probably continue to beat European stocks thanks to stronger economic fundamentals and stronger consumer base,&rdquo; said Aslam. &ldquo;If the Federal Reserve is nearing the end of its rate-hiking cycle, I&rsquo;d buy growth sectors like tech because they may continue to see portfolio money coming in,&rdquo; he said.
Valuations are still relatively high, however. Investors are paying more for those equities that they are for stocks on the S&amp;P 500. QQQ is trading at 31x, compared to the SPDR S&amp;P 500 (ARCA:SPY) trading at 21x. Amazon (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amzn#NASDAQ">AMZN</a>)&nbsp;has a price to earnings ratio of 41x. Delta Airlines (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dal#NYSE">DAL</a>) is around 7x PE, despite the increase in airline travel, according to a July JP Morgan <a href="https://www.jpmorgan.com/insights/global-research/travel/airline-outlook">report</a>.
Higher valuations could limit upside potential for those stocks even with lower interest rates, said Aslam. See Intel (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/intc#NASDAQ">INTC</a>) for instance, with a PE of over 79 times earnings. &ldquo;Stay away from those, especially if earnings growth slows or macroeconomic data suggests a recession is coming.&rdquo;
<h3>Five Nasdaq Stocks With A&nbsp;PE Under 20</h3>
Believe it or not, some of these stocks on the Nasdaq are priced below the average index PE. If Intel and Broadcom (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/avgo#NASDAQ">AVGO</a>) look expensive, here are five companies with current P/E ratios under 20.
Applied Materials (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amat#NASDAQ">AMAT</a>): 19.96x
Cisco Systems (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/csco#NASDAQ">CSCO</a>): 19.17x
Cognizant (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ctsh#NASDAQ">CTSH</a>): 17.34x
First Solar (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fslr#NASDAQ">FSLR</a>): 18.26x
Sirius XM Holdings (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/siri#NASDAQ">SIRI</a>): 8.41x
&ldquo;Buying 100x PE stocks in the Nasdaq is a high-risk, high-reward strategy,&rdquo; said Aslam. &ldquo;Lower rates could push valuations even higher quickly, but magnifies the risk if growth expectations aren&#39;t met.&rdquo;
The current environment suggests caution for buying the high value names.
&ldquo;Investors that are comfortable with volatility and are willing to bet on sustained low interest rates and strong growth may see some upside, but the downside risk of overpaying is significant if market conditions change or if these high priced companies fail to deliver,&rdquo; Aslam said.
This article is from an unpaid external contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy.

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Has The Market Already Front Run Sept. 18 Rate Cuts, And If Not, What's Worth Buying Now?

Southwest Airlines (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/luv#NYSE">LUV</a>) received encouraging tidings on the labor front when it inked a tentative agreement with the company&#39;s flight simulator technicians&#39; union, International Brotherhood of Teamsters Local 19, for a new collective bargaining agreement. There are more than 50 flight simulator technicians at the Dallas-based carrier. These technicians are responsible for providing essential maintenance and engineering support. By doing so, they ensure the reliability and safety of flight training equipment.
Now the provisional deal will be voted upon by flight attendants. This deal will be materialized only if the voting outcome is favorable. The agreement on becoming effective will make simulator technicians eligible for significant gains in compensation. The tentative deal inked with simulator technicians is no doubt a welcome development. The company would be hoping that this deal gets approved. We note that satisfied labor groups generally lead to greater operational efficiency.
With U.S. airlines grappling with labor&nbsp; shortage, as air-travel demand bounced back strongly from the pandemic lows, we have witnessed quite a few deals for various labor groups in the U.S. airline space recently. At Southwest Airlines itself, 11 out of 12 union-represented workgroups have ratified new agreements since October 2022.
In August 2023, American Airlines&#39; (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aal#NASDAQ">AAL</a>) four-year pact with pilots was ratified. The approval made AAL&#39;s pilots eligible for an immediate pay raise in excess of 21%, on average. Also, this deal included provisions aimed at improving pilots&#39; quality of life. In 2023, Delta Air Lines (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dal#NYSE">DAL</a>) pilots ratified a four-year deal, which made its 15,000 pilots eligible for a 34% pay hike in the next four years.
<h2>Disappointing Price Performance of LUV Stock</h2>
Due to headwinds like escalated operating costs, shares of Southwest Airlines have not performed well lately, having lost 11.9% in the past six months compared with its industry&#39;s 3.1% decline in the same time frame.
<h2>Six-Month Price Comparison</h2>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/b8/77192.jpg?v=510389531" style="border-style:solid; border-width:1px; height:310px; width:600px" />
Image Source: Zacks Investment Research
<h2>Southwest Airlines&#39; Zacks Rank</h2>
LUV currently carries a Zacks Rank #3 (Hold).
<a href="https://www.zacks.com/stock/news/2334117/southwest-airlines-inks-provisional-deal-with-simulator-technicians?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2334117">To read this article on Zacks.com click here.</a>

Mid Cap

Southwest Airlines Inks Provisional Deal With Simulator Technicians

FAA Investigating Delta Airplane That Struck Wingtip Of Endeavor Plane At Atlanta Airport

European Aeronautic Defence And Space Unsponsored

EADSY

Delta Air Lines Says Delta Aircraft, Regional Jet Involved In Taxiway Incident In Atlanta; No Additional Operational Adjustments Are Expected; No Reported Injuries At This Time & Customers Being Transported Back To Terminal, To Be Reaccommodated On Alternate Flights

Shares of some airline stocks are trading higher. The sector may be on watch after Boeing struck a tentative deal to avert a strike.

28 Top rated U.S. growth stocks month-to-date in anticipation of Fed cuts

Delta Air Lines declares $0.15 dividend

Delta Air Lines Has Already Taken Off

Dividend Roundup: Microsoft, JPMorgan, CVS Health, Nucor, and more.

Wheels Up rallies after key investors agree to extend their lock-up periods

Delta Air Lines: Strong Tailwind From Lower Oil Prices

CrowdStrike executive will apologize for July global outage: report

Southwest Investor Day preview: A shift closer to legacy rivals after the Herb Kelleher magic faded

Southwest Airlines 2.0: Global partnerships, redeye flights, assigned seating and modernized fleet

Eyes on the skies: Airline stocks break out after Southwest Airlines reset

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Screenshot 2024-03-13 at 5.49.40 PM

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Meet Atlas Obscura, The Travel Platform That Combines The Wonder Of Ripley&#39;s Believe It Or Not With The Breadth Of National Geographic&#39;s Content

Press Releases

DAL Investors Have the Opportunity to Join Investigation of Delta Air Lines, Inc. with the Schall Law Firm

Wego Joins UATP Network, Enhancing Supplier Relationships in MENA Region

DELTA AIR LINES INVESTOR REMINDER: Scott+Scott Attorneys at Law LLP Investigate Delta Air Lines' Directors and Officers for Breach of Fiduciary Duties – DAL

Fintech

W2 by GO7 joins the UATP Network as its Newest Issuer

Delta Air Lines to Present at the Morgan Stanley Laguna Conference

Small Cap

Klarna partners with UATP to tap the $1 trillion air travel industry

SAVE THE DATE: REGISTRATION OPENS SOON FOR AIRLINE DISTRIBUTION® 2025

Dividends

Delta Air Lines Declares Quarterly Dividend

Delta Air Lines Announces Webcast of September Quarter 2024 Financial Results

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