DAL240419P00052500 Option on Delta Air Lines
| DAL Stock | USD 50.45 0.53 1.06% |
Delta Air's option chain provides insight into all available option contracts written on Delta Air's stock. Investors can see outstanding put and call contracts with pricing information and greeks for a given expiration period. In addition, each of Delta Air's stock options below provides a detailed picture of the payoff. Comparing vital and dynamic information of various option contracts across diverse expiration periods will help you make an educated decision on your market timing strategies around investing in a given Delta option contract.
In The Money vs. Out of Money Option Contracts on Delta Air
Analyzing Delta Air's in-the-money options over time can help investors to take a profitable long position in Delta Air regardless of its overall volatility. This is especially true when Delta Air's options are deep in the money. These options can be identified using deltas that are over 0.75. Deep in-the-money Delta Air's options could be used as guardians of the underlying stock as they move almost dollar for dollar with Delta Air's stock while costing only a fraction of its price.
Delta Air's latest option contracts expiring on 2024-05-03 are carrying combined implied volatility of 49.51 with a put-to-call open interest ratio of 1.41 over 82 outstanding agreements suggesting investors are buying way more puts than calls on contracts expiring on 2024-05-03. The current put volume is at 6888, with calls trading at the volume of 5715. This yields a 1.21 put-to-call volume ratio. The Delta Air option chain provides detailed quote and price information for the current Delta Air Lines option contracts. It shows all of Delta Air's listed puts, calls, expiration dates, strike prices, and other pricing information.
Open Interest Against 2024-05-03 Option Contracts
Delta Air option prices can potentially be used to forecast stock returns because most option chains provide information not only about the current prices but also about the future conditions in Delta Air's lending market. For example, when Delta Air's puts are not actively trading or completely missing in the marketplace, investors can use it to internalize expected shorting costs. So if an investor is writing a put option on Delta Air, he or she must hedge the risk by shorting Delta Air stock over its option's life.
2024-05-03
The chart above shows Delta Air's distribution of open interest by maturity on contracts that have not yet been settled. The area between the two highest points is the projection of the price at expiration. Delta Air's open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for Delta Air's option, there is no secondary market available for investors to trade.
Delta Air Maximum Pain Price across 2024-05-03 Option Contracts
Max pain usually refers to a trading concept that asserts that market manipulation can cause the market price of particular securities such as Delta Air close to expiration to expire worthless. According to most research, approximately 10% to 15% of all stock options are exercised, while about 35% expire worthlessly, with roughly 50% traded out before the expiration date. So, Max pain occurs when market makers reach a net positive position across all options at a strike price where option holders stand to lose the most money. By contrast, option sellers may reap the most after selling more options than buying, causing them to expire worthless.
Delta Air's stock options are financial instruments that give investors the right to buy or sell shares of Delta Air Lines common stock at a specified price for a given time period. Generally speaking, an option to purchase or sell Delta stock makes it part of the underlying stock when the option's price is tied to the movement of the underlying stock. If Delta Air's stock price goes up or down, the stock options follow.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Delta Air Lines. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Please note that buying 'in-the-money' options on Delta Air lessens the impact of time decay, as they carry both intrinsic and time value. So, even if Delta Air's value remains static through the expiration date, the investor can sell to close an 'in-the-money' option to avoid a potential loss. However, in-the-money Delta Air contracts are usually more expensive to enter than their out-of-the-money counterparts. So keep in mind that while the payoffs on an in-the-money trade can be high, the investors could ultimately experience a more consequential loss if Delta Stock moves the wrong way.
At this time, Delta Air's Total Stockholder Equity is quite stable compared to the past year. Liabilities And Stockholders Equity is expected to rise to about 77.3 B this year, although the value of Common Stock Shares Outstanding will most likely fall to about 416.1 M. Delta Air Lines In The Money Call Balance
When Delta Air's strike price is surpassing the current stock price, the option contract against Delta Air Lines stock is said to be in the money. When it comes to buying Delta Air's options that are 'In the Money' or 'Out of the Money', the choice depends on your outlook for the underlying security, financial situation, and what you are trying to achieve.
While 'out-of-the-money' option contracts written on Delta Air Lines are typically viewed as the more aggressive, there are potential upsides to purchasing these types of options contracts. For one, the cost to buy an 'Out of the Money' option is lower than the cost to buy an 'In the Money' option. This cost-benefit is due to the fact that at the time of the purchase, 'Out of the Money' contracts have no intrinsic value. So, while the potential for a 100% loss is more significant, the cost and risk to enter the trade are lower.
Delta Current Options Market Mood
Delta Air's open interest and total value indicators provide investors with the necessary information to digest the overall options buildup for its expiring contracts. In addition, it helps Delta Stock's traders understand whether a recent fall or rise in the market is unreasonable and if the time has come to take contrarian positions. These ratios are calculated based on options trading volumes and current open interest.
Put-to-Call Open Interest
Put-to-Call Volume
Most options investors, including buyers and sellers of Delta Air's calls and puts, are not very successful. It is estimated that an average options trader loses somewhere between 80% to 90% of the time. Delta Air's option open interest and volume spread between outstanding puts and calls are regarded by many investors as reliable indicators of the overall future market direction. Using current Delta Air's option volume and open interest to make an investment decision is considered a contrarian-sentiment measure that can be utilized in many timing strategies in both derivative and spot marketplace.
Rule 16 of the current Delta contract
Base on the Rule 16, the options market is currently suggesting that Delta Air Lines will have an average daily up or down price movement of about 3.09% per day over the life of the 2024-05-03 option contract. With Delta Air trading at USD 50.45, that is roughly USD 1.56. If you think that the market is fully incorporating Delta Air's daily price movement you should consider buying Delta Air Lines options at the current volatility level of 49.51%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Delta |
Purchasing Delta Air options can give investors a meaningful hedge against losses and, therefore, could be used conservatively to decrease the volatility of your portfolio. However, many options could also amount to little more than gambling, significantly enhancing your overall portfolio risk. One simple example of these aggressive strategies is the sale of "uncovered" Delta calls. Remember, the seller must deliver Delta Air Lines stock to the call owner when a call is exercised.
Delta Air Option Chain
When Delta Air's strike price is surpassing the current stock price, the option contract against Delta Air Lines stock is said to be in the money. When it comes to buying options that are ITM or OTM, the choice depends on your outlook for the underlying security, financial situation, and what you are trying to achieve.
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Delta Air's option chain is a display of a range of information that helps investors for ways to trade options on Delta. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Delta. It also shows strike prices and maturity days for a Delta Air against a given expiration period. The table below combines all the option information in the form of a chain but before you use it, remember that it entails significant risk and it is not for everyone. | Delta | Gamma | Open Int | Expiration | Current Spread | Last Price | |||
Call | 2024-05-03 CALL at $25.0 | 0.929 | 0.0045 | 0 | 2024-05-03 | 23.5 - 26.7 | 0.0 | In |
Call | 2024-05-03 CALL at $30.0 | 0.9364 | 0.0063 | 0 | 2024-05-03 | 19.6 - 21.75 | 21.1 | In |
Call | 2024-05-03 CALL at $33.0 | 0.9292 | 0.0083 | 1 | 2024-05-03 | 17.4 - 18.7 | 14.9 | In |
Call | 2024-05-03 CALL at $34.0 | 0.9199 | 0.0093 | 0 | 2024-05-03 | 16.4 - 17.85 | 0.0 | In |
Call | 2024-05-03 CALL at $35.0 | 0.946 | 0.0088 | 4 | 2024-05-03 | 15.05 - 16.5 | 12.95 | In |
Call | 2024-05-03 CALL at $36.0 | 0.9163 | 0.0112 | 0 | 2024-05-03 | 14.35 - 15.75 | 0.0 | In |
Call | 2024-05-03 CALL at $37.0 | 0.9488 | 0.0103 | 3 | 2024-05-03 | 13.4 - 14.0 | 11.9 | In |
Call | 2024-05-03 CALL at $38.0 | 0.9078 | 0.014 | 6 | 2024-05-03 | 12.4 - 13.65 | 11.5 | In |
Call | 2024-05-03 CALL at $39.0 | 0.9016 | 0.0158 | 2 | 2024-05-03 | 11.4 - 12.65 | 10.5 | In |
Call | 2024-05-03 CALL at $40.0 | 0.9027 | 0.0176 | 3 | 2024-05-03 | 10.4 - 11.5 | 10.0 | In |
Call | 2024-05-03 CALL at $40.5 | 0.9021 | 0.0187 | 0 | 2024-05-03 | 9.35 - 11.5 | 0.0 | In |
Call | 2024-05-03 CALL at $41.0 | 0.8984 | 0.0201 | 2 | 2024-05-03 | 9.4 - 10.45 | 6.2 | In |
Call | 2024-05-03 CALL at $41.5 | 0.8423 | 0.0218 | 0 | 2024-05-03 | 8.9 - 11.05 | 0.0 | In |
Call | 2024-05-03 CALL at $42.0 | 0.9211 | 0.0213 | 8 | 2024-05-03 | 8.4 - 9.05 | 7.05 | In |
Call | 2024-05-03 CALL at $42.5 | 0.8697 | 0.0255 | 12 | 2024-05-03 | 7.9 - 9.2 | 5.6 | In |
Call | 2024-05-03 CALL at $43.0 | 0.8641 | 0.0275 | 28 | 2024-05-03 | 7.4 - 8.7 | 5.45 | In |
Call | 2024-05-03 CALL at $43.5 | 0.8611 | 0.0299 | 4 | 2024-05-03 | 6.9 - 8.15 | 5.2 | In |
Call | 2024-05-03 CALL at $44.0 | 0.9045 | 0.0307 | 68 | 2024-05-03 | 6.45 - 7.0 | 6.3 | In |
Call | 2024-05-03 CALL at $44.5 | 0.9906 | 0.0092 | 23 | 2024-05-03 | 5.9 - 6.05 | 5.68 | In |
Call | 2024-05-03 CALL at $45.0 | 0.9472 | 0.0294 | 82 | 2024-05-03 | 5.4 - 5.55 | 5.42 | In |
Call | 2024-05-03 CALL at $45.5 | 0.9948 | 0.0072 | 46 | 2024-05-03 | 3.65 - 6.5 | 4.97 | In |
Call | 2024-05-03 CALL at $46.0 | 0.836 | 0.0491 | 448 | 2024-05-03 | 4.4 - 5.45 | 4.05 | In |
Call | 2024-05-03 CALL at $46.5 | 0.8205 | 0.0552 | 93 | 2024-05-03 | 2.67 - 4.45 | 3.63 | In |
Call | 2024-05-03 CALL at $47.0 | 0.9143 | 0.0584 | 554 | 2024-05-03 | 3.45 - 3.7 | 3.25 | In |
Call | 2024-05-03 CALL at $47.5 | 0.7681 | 0.0687 | 906 | 2024-05-03 | 2.84 - 4.35 | 2.71 | In |
Call | 2024-05-03 CALL at $48.0 | 0.8798 | 0.0912 | 627 | 2024-05-03 | 2.56 - 2.75 | 2.6 | In |
Call | 2024-05-03 CALL at $48.5 | 0.8331 | 0.1178 | 1150 | 2024-05-03 | 2.09 - 2.23 | 2.0 | In |
Call | 2024-05-03 CALL at $49.0 | 0.7721 | 0.1471 | 1835 | 2024-05-03 | 1.7 - 1.79 | 1.68 | In |
Call | 2024-05-03 CALL at $49.5 | 0.6986 | 0.1785 | 1052 | 2024-05-03 | 1.33 - 1.37 | 1.3 | In |
Call | 2024-05-03 CALL at $50.0 | 0.6053 | 0.2031 | 1517 | 2024-05-03 | 1.0 - 1.03 | 1.01 | In |
Call | 2024-05-03 CALL at $51.0 | 0.3936 | 0.2098 | 1000 | 2024-05-03 | 0.49 - 0.52 | 0.5 | Out |
Call | 2024-05-03 CALL at $52.0 | 0.2035 | 0.1588 | 303 | 2024-05-03 | 0.19 - 0.23 | 0.2 | Out |
Call | 2024-05-03 CALL at $53.0 | 0.0863 | 0.0881 | 210 | 2024-05-03 | 0.07 - 0.08 | 0.07 | Out |
Call | 2024-05-03 CALL at $54.0 | 0.0293 | 0.0373 | 60 | 2024-05-03 | 0.02 - 0.11 | 0.02 | Out |
Call | 2024-05-03 CALL at $55.0 | 0.0145 | 0.0187 | 197 | 2024-05-03 | 0.0 - 0.04 | 0.01 | Out |
Call | 2024-05-03 CALL at $60.0 | 0.0147 | 0.0095 | 23 | 2024-05-03 | 0.0 - 0.01 | 0.02 | Out |
Put | 2024-05-03 PUT at $40.0 | -0.0063 | 0.0037 | 242 | 2024-05-03 | 0.0 - 0.02 | 0.01 | Out |
Put | 2024-05-03 PUT at $42.0 | -0.0972 | 0.0227 | 168 | 2024-05-03 | 0.0 - 0.37 | 0.37 | Out |
Put | 2024-05-03 PUT at $42.5 | -0.0274 | 0.0136 | 148 | 2024-05-03 | 0.0 - 0.2 | 0.05 | Out |
Put | 2024-05-03 PUT at $43.0 | -0.1078 | 0.0268 | 152 | 2024-05-03 | 0.0 - 0.38 | 0.38 | Out |
Put | 2024-05-03 PUT at $44.5 | -0.0104 | 0.0099 | 1456 | 2024-05-03 | 0.0 - 0.01 | 0.01 | Out |
Put | 2024-05-03 PUT at $45.0 | -0.019 | 0.0164 | 862 | 2024-05-03 | 0.01 - 0.03 | 0.11 | Out |
Put | 2024-05-03 PUT at $45.5 | -0.0121 | 0.0134 | 3503 | 2024-05-03 | 0.0 - 0.02 | 0.01 | Out |
Put | 2024-05-03 PUT at $46.0 | -0.0301 | 0.0271 | 924 | 2024-05-03 | 0.01 - 0.06 | 0.03 | Out |
Put | 2024-05-03 PUT at $46.5 | -0.0405 | 0.0363 | 148 | 2024-05-03 | 0.01 - 0.04 | 0.04 | Out |
Put | 2024-05-03 PUT at $47.0 | -0.0521 | 0.0476 | 1213 | 2024-05-03 | 0.04 - 0.06 | 0.05 | Out |
Put | 2024-05-03 PUT at $47.5 | -0.0726 | 0.0648 | 778 | 2024-05-03 | 0.07 - 0.08 | 0.07 | Out |
Put | 2024-05-03 PUT at $48.0 | -0.1051 | 0.0887 | 844 | 2024-05-03 | 0.09 - 0.12 | 0.16 | Out |
Put | 2024-05-03 PUT at $48.5 | -0.1495 | 0.1182 | 470 | 2024-05-03 | 0.14 - 0.17 | 0.26 | Out |
Put | 2024-05-03 PUT at $49.0 | -0.2184 | 0.1503 | 368 | 2024-05-03 | 0.22 - 0.25 | 0.25 | Out |
Put | 2024-05-03 PUT at $49.5 | -0.2948 | 0.1843 | 1126 | 2024-05-03 | 0.34 - 0.37 | 0.5 | Out |
Put | 2024-05-03 PUT at $50.0 | -0.3925 | 0.2094 | 330 | 2024-05-03 | 0.51 - 0.53 | 0.52 | Out |
Put | 2024-05-03 PUT at $51.0 | -0.6133 | 0.2235 | 119 | 2024-05-03 | 0.96 - 1.04 | 1.43 | In |
Put | 2024-05-03 PUT at $52.0 | -0.7775 | 0.1581 | 13 | 2024-05-03 | 1.18 - 2.67 | 1.78 | In |
Put | 2024-05-03 PUT at $53.0 | -0.7656 | 0.1025 | 0 | 2024-05-03 | 1.74 - 3.1 | 2.97 | In |
Put | 2024-05-03 PUT at $54.0 | -0.8806 | 0.0705 | 0 | 2024-05-03 | 2.53 - 3.95 | 3.7 | In |
Put | 2024-05-03 PUT at $55.0 | -0.8222 | 0.0581 | 0 | 2024-05-03 | 4.0 - 5.95 | 4.95 | In |
Put | 2024-05-03 PUT at $56.0 | -0.8552 | 0.048 | 0 | 2024-05-03 | 5.35 - 6.4 | 0.0 | In |
Put | 2024-05-03 PUT at $57.0 | -0.9573 | 0.0261 | 0 | 2024-05-03 | 5.25 - 6.6 | 0.0 | In |
Put | 2024-05-03 PUT at $58.0 | -0.8419 | 0.0367 | 1 | 2024-05-03 | 6.5 - 8.05 | 8.35 | In |
Put | 2024-05-03 PUT at $60.0 | -0.9781 | 0.0124 | 0 | 2024-05-03 | 9.5 - 9.65 | 0.0 | In |
Put | 2024-05-03 PUT at $65.0 | -0.9463 | 0.0144 | 3 | 2024-05-03 | 14.35 - 14.7 | 16.1 | In |
Put | 2024-05-03 PUT at $70.0 | -0.965 | 0.0089 | 6 | 2024-05-03 | 19.15 - 19.65 | 19.45 | In |
Delta Air Total Stockholder Equity Over Time
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders. Total Stockholder Equity |
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Delta Air Common Stock Shares Outstanding Over Time
The total number of shares of a company's common stock that are currently owned by all its shareholders. Common Stock Shares Outstanding |
| Timeline |
Delta Total Stockholder Equity
Total Stockholder Equity |
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Delta Air Corporate Directors
Delta Air corporate directors refer to members of a Delta Air board of directors. The board of directors generally takes responsibility for the Delta Air's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Delta Air's board members must vote for the resolution. The Delta Air board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Sergio Rial | Independent Director | Profile | |
| Douglas Ralph | Independent Director | Profile | |
| CHRISTOPHER HAZLETON | Independent Director | Profile | |
| Thomas Donilon | Director | Profile |
Already Invested in Delta Air Lines?
The danger of trading Delta Air Lines is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Delta Air is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Delta Air. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Delta Air Lines is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Delta Air Lines is a strong investment it is important to analyze Delta Air's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Delta Air's future performance. For an informed investment choice regarding Delta Stock, refer to the following important reports: Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Delta Air Lines. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the Delta Air Lines information on this page should be used as a complementary analysis to other Delta Air's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
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When running Delta Air's price analysis, check to measure Delta Air's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Delta Air is operating at the current time. Most of Delta Air's value examination focuses on studying past and present price action to predict the probability of Delta Air's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Delta Air's price. Additionally, you may evaluate how the addition of Delta Air to your portfolios can decrease your overall portfolio volatility.
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Is Delta Air's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Delta Air. If investors know Delta will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Delta Air listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.436 | Dividend Share 0.3 | Earnings Share 7.8 | Revenue Per Share 92.354 | Quarterly Revenue Growth 0.078 |
The market value of Delta Air Lines is measured differently than its book value, which is the value of Delta that is recorded on the company's balance sheet. Investors also form their own opinion of Delta Air's value that differs from its market value or its book value, called intrinsic value, which is Delta Air's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Delta Air's market value can be influenced by many factors that don't directly affect Delta Air's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Delta Air's value and its price as these two are different measures arrived at by different means. Investors typically determine if Delta Air is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Delta Air's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.