Bearish flow noted in Delta Air Lines with 12,278 puts trading, or 3x expected. Most active are 2/24 weekly 37 puts and 3/3 weekly 40 calls, with total volume in those strikes near 10,000 contracts. The Put/Call Ratio is 2.59, while ATM IV is up nearly 3 points on the day. Earnings are expected on April 12th.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on DAL:
- American Airlines pilots to appear for interviews with the NTSB, WSJ reports
- Tiger Global boosts stakes in Visa, Mastercard, reduces position in Microsoft
- Buy/Sell: Wall Street’s top 10 stock calls this week
- Street Wrap: Today’s Top 15 Upgrades, Downgrades, Initiations
- Delta Air Lines (NYSE:DAL) Rewards Employees with a Second Pay Hike
