Delta Air Lines Inc (DAL) $6.80 -20.59%
Large blocks of Delta Airlines (DAL) September call options are being sold. At approximately 11:12, 64,475 of the September 7.5s traded for $1.90 and 64,475 of the September 10s traded below the bid at 90 cents. The stock is down $1.00 to $7.20 ahead of an earnings report due out tomorrow morning. The entire industry is under pressure today after UAL Corp. (UAUA) posted a first quarter loss of $4.45 a share, which was $1.04 worse than analyst estimates. UAUA is down $7.43 to $14.00 a share.
Category: All Stocks, Small Cap Stocks, Travel & Leisure
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About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.
