Bearish flow noted in Delta Air Lines with 10,161 puts trading, or 3x expected. Most active are Mar-23 39 puts and Apr-23 37 puts, with total volume in those strikes near 7,500 contracts. The Put/Call Ratio is 1.78, while ATM IV is up over 3 points on the day. Earnings are expected on April 12th.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on DAL:
- 3 Stocks to Buy Today, 3/10/2023, According to Top Analysts
- Delta Air Lines price target raised to $48 from $44 at Barclays
- Unusually active option classes on open March 8th
- U.S. to lift COVID testing requirements for travelers from China, WaPo reports
- Early notable gainers among liquid option names on March 7th
