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Delta Air Lines call volume above normal and directionally bullish

Bullish option flow detected in Delta Air Lines with 13,468 calls trading, 1.0x expected, and implied vol increasing over 1 point to 41.39%. Mar-23 35 calls and Jan-23 36 calls are the most active options, with total volume in those strikes near 3,000 contracts. The Put/Call Ratio is 0.36. Earnings are expected on January 12th.

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Published first on TheFly

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