Tour v394
DAL
DELTA AIR LINES INC
$81.97 -1.86%
$81.93 (-0.05%)🌙
as of 07/23 06:04 PM
7/23 18:04

Option Volume

Detail
Current (07/23) 20,446
Calls: 9,456 (46%)
Puts: 10,990 (54%)
Prior (07/22) 30,806
Calls: 27,356 (89%)
Puts: 3,450 (11%)
Current vs Prior -33.63%
Calls: -65.43% (Calls)
Puts: +218.55% (Puts)
Prior 7-Day Total 149,290
Calls: 106,632 (71%)
Puts: 42,658 (29%)
Prior 7-Day Average 21,327
Calls: 15,233 (71%)
Puts: 6,094 (29%)
Current vs Prior 7-Day Avg -4.13%
Calls: -37.92%
Puts: +80.34%
Sentiment BEARISH

Dollar Volume

Detail
Current (07/23) $5.81M
Calls: $2.50M (43%)
Puts: $3.31M (57%)
Prior (07/22) $2.59M
Calls: $1.86M (72%)
Puts: $731.2K (28%)
Current vs Prior +124.52%
Calls: +34.75%
Puts: +352.60%
Prior 7-Day Total $31.19M
Calls: $21.68M (70%)
Puts: $9.50M (30%)
Prior 7-Day Average $4.46M
Calls: $3.10M (70%)
Puts: $1.36M (30%)
Current vs Prior 7-Day Avg +30.48%
Calls: -19.18%
Puts: +143.82%
Sentiment BEARISH

Put/Call Ratio

Detail
Current (07/23) 1.16
Prior (07/22) 0.13
Current vs Prior +821.56%
Prior 7-Day Average 0.57
Current vs Prior 7-Day Avg +103.71%
Sentiment BEARISH

Open Interest

Detail
Current (07/23) 393,323
Calls: 189,074 (48%)
Puts: 204,249 (52%)
Prior (07/22) 191,179
Calls: 97,193 (51%)
Puts: 93,986 (49%)
Current vs Prior +105.74%
Prior 7-Day Total 2,657,355
Calls: 1,258,902 (47%)
Puts: 1,398,453 (53%)
Prior 7-Day Average 379,622
Calls: 179,843 (47%)
Puts: 199,779 (53%)
Current vs Prior 7-Day Avg +3.61%
Sentiment BULLISH

Expected Move

Detail
Expiry (07/24) | Next (07/31)Expiry (08/21) | Next (09/18)
Current 2.50% | 5.38%9.24% | 13.85%
Prior 3.35% | 5.52%9.49% | 14.19%
Current vs Prior -25.40% | -2.53%-2.73% | -2.41%
Prior 7-Day Avg 3.79% | 5.86%5.68% | 12.32%
Current vs 7-Day Avg -34.01% | -8.16%+62.50% | +12.40%
Prior 7-Day Eod 3.35% | 5.52%9.49% | 14.19%
Current vs 7-Day Eod -25.40% | -2.53%-2.73% | -2.41%
Sentiment BULLISHBULLISH

Relative Spread

Detail
Expiry | Next
Current 46.80% | 9.96%
Calls: 43.59% | 10.91%
Puts: 50.00% | 9.01%
Prior 46.80% | 9.96%
Calls: 43.59% | 10.91%
Puts: 50.00% | 9.01%
Current vs Prior +0.00% | +0.00%
Prior 7-Day Avg 46.80% | 9.96%
Calls: 43.59% | 10.91%
Puts: 50.00% | 9.01%
Current vs 7-Day Avg +0.00% | +0.00%
Liquidity Expensive
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🤖 AI Insights

Massive premium surge with dollar volume up 125% vs prior. Slightly bearish P/C ratio of 1.16. P/C ratio rising 822% - increased hedging/bearish positioning. Rising open interest (up 106%) indicates new positions being established.

Smart Money BEARISH
Retail Flow BEARISH
Overall BEARISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BEARISH
Prior BULLISH
7-Day Avg BULLISH
Current NEUTRAL
Prior BULLISH
7-Day Avg NEUTRAL
Current NEUTRAL
Prior BULLISH
7-Day Avg NEUTRAL
Current NEUTRAL
Prior NEUTRAL
7-Day Avg NEUTRAL
Current BEARISH
Prior BULLISH
7-Day Avg BULLISH

📈 Options Analysis

🎯 Tightest Spreads
💰 Best Value Under $1
📊 High Delta (ITM)
🔥 High Volume
Backwardation
📈 Debit Spreads
📉 Credit Spreads
📅 Calendar Spreads
Straddles
🔀 Strangles
🦅 Iron Condors
🦋 Butterflies
⚖️ Ratio Spreads
🛡️ Covered Calls

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top -- of results (avg --%, best --%)

No options available for this category

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. -- found (avg $--, cheapest $--)

No options available for this category

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 93 found (avg delta 0.77, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$66.00Jul 2413.9517.75$15.8524.0%241.003
$67.00Jul 2413.4516.75$15.1021.9%61.0026
$70.00Jul 249.9513.65$11.8031.4%11.0025
$71.00Jul 249.4512.75$11.1029.7%--1.0021
$72.00Jul 248.4511.75$10.1032.7%--1.0021
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$90.00Jul 246.309.55$7.9341.0%3050.99108
$88.00Jul 244.257.90$6.0860.0%860.9847
$89.00Jul 245.308.95$7.1351.2%2110.9761
$91.00Jul 317.4011.10$9.2540.0%--0.9515
$93.00Jul 319.1013.10$11.1036.0%--0.9433

Most actively traded options today. High liquidity = easy entry/exit. 216 active (total vol 15.2K, top 1.9K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$88.00Aug 211.301.55$1.4317.5%1.8K0.27326
$83.00Jul 240.230.50$0.3773.0%3090.29141
$84.00Jul 240.080.16$0.1266.7%3030.13382
$86.00Jul 240.010.42$0.22186.4%2110.13495
$87.00Jul 310.270.50$0.3959.0%2090.166.0K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$75.00Aug 210.931.20$1.0725.2%1.9K0.203.0K
$82.50Aug 213.204.10$3.6524.7%8430.521.8K
$85.00Aug 144.405.00$4.7012.8%5280.6611
$77.00Jul 240.020.23$0.13161.5%4860.08243
$80.00Jul 240.140.44$0.29103.4%3460.212.0K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 51 strikes (avg 123.8%, max 447.9%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$96.00Jul 24Aug 28226.8%41.4%447.9%1236
$95.00Jul 24Aug 28193.3%37.8%410.7%4177
$98.00Jul 24Aug 21190.2%39.4%382.5%361
$97.00Jul 24Aug 14243.6%51.3%374.7%--37
$70.00Jul 24Aug 21125.4%40.0%213.7%2127
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$76.00Jul 24Aug 28128.6%39.8%222.9%107295
$74.00Jul 24Aug 28122.4%38.3%219.1%52139
$75.00Jul 24Aug 28115.6%36.7%214.8%693.2K
$73.00Jul 24Aug 21131.5%43.2%204.6%88126
$70.00Jul 24Aug 28125.4%41.4%202.7%2755

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 106 found (best R:R 9.00, avg 2.53)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$96.00$97.00Aug 14$0.11$0.89$0.118.09$96.11
$90.00$91.00Aug 21$0.12$0.88$0.127.33$90.12
$93.00$94.00Aug 21$0.12$0.88$0.127.33$93.12
$92.00$93.00Jul 31$0.14$0.86$0.146.14$92.14
$83.00$84.00Aug 21$0.18$0.82$0.184.56$83.18
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$75.00$74.00Aug 21$0.10$0.90$0.109.00$74.90
$75.00$74.00Aug 28$0.11$0.89$0.118.09$74.89
$74.00$70.00Aug 28$0.51$3.49$0.516.84$73.49
$68.00$67.00Jul 24$0.13$0.87$0.136.69$67.87
$77.00$76.00Jul 31$0.13$0.87$0.136.69$76.87

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 141 found (best R:R 22.08, avg 1.88)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$75.00$78.00Aug 7$2.87$2.87$0.1322.08$77.87
$70.00$72.50Aug 21$2.37$2.37$0.1318.23$72.37
$73.00$75.00Jul 31$1.87$1.87$0.1314.38$74.87
$84.00$85.00Aug 14$0.90$0.90$0.109.00$84.90
$84.00$85.00Aug 28$0.90$0.90$0.109.00$84.90
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$92.00$91.00Aug 7$0.90$0.90$0.109.00$91.10
$88.00$87.00Aug 14$0.88$0.88$0.127.33$87.12
$86.00$85.00Aug 7$0.85$0.85$0.155.67$85.15
$90.00$88.00Aug 14$1.62$1.62$0.384.26$88.38
$90.00$89.00Jul 24$0.80$0.80$0.204.00$89.20

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 41 found (avg debit $0.48, cheapest $0.06)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$91.00Jul 24Jul 31$0.0695.3%39.5%
$98.00Jul 24Jul 31$0.08190.2%71.7%
$93.00Jul 24Jul 31$0.09111.9%49.4%
$94.00Jul 24Jul 31$0.11123.8%55.3%
$90.00Jul 24Jul 31$0.1278.7%40.3%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$70.00Jul 24Jul 31$0.07125.4%58.0%
$67.00Jul 24Jul 31$0.09145.5%74.1%
$75.00Jul 24Jul 31$0.09115.6%45.2%
$90.00Jul 24Jul 31$0.1078.7%40.3%
$91.00Jul 31Aug 7$0.1339.5%38.0%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 91 found (cheapest 1.77% of stock, avg 9.36%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$82.00Jul 24$0.67$0.78$1.45$80.55$83.451.77%
$81.00Jul 24$1.27$0.46$1.73$79.27$82.732.11%
$83.00Jul 24$0.37$1.39$1.76$81.24$84.762.15%
$84.00Jul 24$0.12$2.39$2.51$81.49$86.513.06%
$80.00Jul 24$2.80$0.29$3.09$76.91$83.093.77%
$85.00Jul 24$0.08$3.44$3.52$81.48$88.524.29%
$82.00Jul 31$1.97$1.86$3.83$78.17$85.834.67%
$83.00Jul 31$1.47$2.40$3.87$79.13$86.874.72%
$81.00Jul 31$2.55$1.38$3.93$77.07$84.934.79%
$84.00Jul 31$1.17$3.04$4.21$79.79$88.215.14%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 154 found (cheapest 0.30% of stock, avg 4.33%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$84.00$79.00Jul 24$0.12$0.13$0.25$78.75$84.25
$84.00$78.00Jul 24$0.12$0.15$0.27$77.73$84.27
$86.00$79.00Jul 24$0.22$0.13$0.35$78.65$86.35
$87.00$79.00Jul 24$0.23$0.13$0.36$78.64$87.36
$86.00$78.00Jul 24$0.22$0.15$0.37$77.63$86.37
$87.00$78.00Jul 24$0.23$0.15$0.38$77.62$87.38
$84.00$80.00Jul 24$0.12$0.29$0.41$79.59$84.41
$84.00$76.00Jul 24$0.12$0.32$0.44$75.56$84.44
$83.00$79.00Jul 24$0.37$0.13$0.50$78.50$83.50
$86.00$80.00Jul 24$0.22$0.29$0.51$79.49$86.51

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 188 found (best R:R 19.83, avg credit $0.90)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
70/7275/78Aug 21$2.38$0.1219.83$70.12$77.38
67/6878/80Jul 24$1.88$0.1215.67$66.12$79.88
76/7884/85Aug 28$1.87$0.1314.38$76.13$85.87
84/8691/92Aug 28$1.87$0.1314.38$84.13$92.87
72/7375/78Aug 21$2.29$0.2110.90$70.71$77.29
78/7980/81Jul 31$0.89$0.118.09$78.11$80.89
76/7786/87Aug 14$0.89$0.118.09$76.11$86.89
76/7781/82Aug 21$0.89$0.118.09$76.11$81.89
84/8689/90Aug 28$1.78$0.228.09$84.22$90.78
68/6970/71Jul 24$0.88$0.127.33$68.12$70.88

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 93 found (best R:R 19.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$82.00$83.00$84.00Jul 24$0.05$0.9519.00
$80.00$81.00$82.00Jul 31$0.07$0.9313.29
$83.00$84.00$85.00Aug 7$0.07$0.9313.29
$81.00$82.00$83.00Jul 31$0.08$0.9211.50
$93.00$94.00$95.00Aug 21$0.08$0.9211.50
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$78.00$79.00$80.00Aug 7$0.05$0.9519.00
$81.00$82.00$83.00Jul 31$0.06$0.9415.67
$73.00$74.00$75.00Aug 14$0.06$0.9415.67
$83.00$84.00$85.00Aug 21$0.06$0.9415.67
$82.00$83.00$84.00Jul 31$0.10$0.909.00

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 114 found (best net $-0.04, 102 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$95.00$97.501:2Aug 21-$0.16$2.34
$92.00$94.001:2Aug 28-$0.96$1.04
$91.00$92.001:2Jul 24$0.00$1.00
$78.00$80.001:2Jul 24-$1.05$0.95
$86.00$87.001:2Jul 31-$0.05$0.95
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$74.00$70.001:2Aug 28-$0.04$3.96
$73.00$70.001:2Aug 14-$0.09$2.91
$72.50$70.001:2Aug 21$0.00$2.50
$78.00$76.001:2Aug 28-$0.72$1.28
$76.00$75.001:2Aug 7-$0.06$0.94

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 62 found (best yield 3.90%, avg 1.30%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$82.00Aug 28$3.200.520.0%3.90%3.94%22
$82.00Aug 21$3.100.510.0%3.78%3.82%741
$82.00Aug 14$3.000.540.0%3.66%3.70%2410
$84.00Aug 21$2.630.432.5%3.21%5.69%13197
$83.00Aug 14$2.540.481.3%3.10%4.36%1142
$84.00Aug 28$2.500.452.5%3.05%5.53%--12
$83.00Aug 21$2.480.461.3%3.03%4.28%611
$82.00Aug 7$2.380.530.0%2.90%2.94%332
$82.50Aug 21$2.290.480.7%2.79%3.44%9128
$85.00Aug 21$2.160.383.7%2.64%6.33%51997

Current 5-Minute Volume Snapshots

Time (HH:MM) Total Volume Call Volume Put Volume Volume Change
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Prior's 5-Minute Volume Snapshots

Time (HH:MM) Total Volume Call Volume Put Volume Volume Change
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Current Put/Call Breakdown

Total Calls 9,456
Total Puts 10,990
Put/Call Ratio 1.16
Net Difference -1,534

Prior's Put/Call Breakdown

Total Calls 27,356
Total Puts 3,450
Put/Call Ratio 0.13
Net Difference 23,906

Prior 7-Day Put/Call Summary

Total Calls 106,632
Total Puts 42,658
Average Put/Call Ratio 0.57
Ratio Trend Rising

Daily Put/Call History (Last 7 Days)

Date Calls Puts Ratio Net Diff
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Upcoming Earnings - 2 Weeks Prior

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Upcoming Earnings - 1 Week Prior

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Earnings This Week

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Earnings - Day Before / Day After

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Options Activity Around Earnings

Ticker Earnings Date Days Away Call Volume Put Volume IV Rank
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Chart Title

Price — Past 7 Days

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