NEW YORK (AVAFIN) -- Options traders were heavily trading call contracts during the last trading session establishing a
new 3-month call volume record. A total of 3,439 put and 10,435 calls were traded where call
contracts outnumbered puts 3.0:1, yielding a 0.33 ratio.
Investors use options to manage risk and to speculate on price changes. Options can provide
significant leverage if the stock moves in the right direction but aslo end up worthless if it
doesn't.
Delta Air Lines settled the day down $0.59 to $11.51 in the previous trading session. Today's
trading range was between $11.43 and $12.04 respectively. On the volume side, 17M shares were
traded, which is greater than the average volume of 12M shares. DAL is trading
above the 50 day moving average and higher than the 200 day
moving average. The stock's 52 week low is $6.41 and 52 week high is $12.25. Performance indicators show that the stock has gained 17.81% within the last quarter.
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Atlanta-based Delta Air Lines is the world's second-largest airline, flying to more than 369 destinations in 67 countries. Delta operates under a hub system, where it gathers and distributes passengers across the globe through key locations in Atlanta, Cincinnati, New York, Salt Lake City, Detroit, and Minneapolis-St. Paul. Delta generates $35 billion in annual revenue and operates a fleet of 775 aircraft.
