Bull Call Spreads on High-Beta Names
Bull Call Spread5 trades pass on DAL
- Return on risk
- 222.6% to 372.8%
- Probability of profit
- 29.5% to 36.2%
DAL options: IV rank, expected move and trade screens
Delta Air Lines, Inc. · Industrials
In the app, stock prices are live and options data is refreshed intraday.
DAL last closed at $86.25 with 30-day implied volatility of 41.8%. That is in the lower half of its one-year range (IV rank 33), so premiums are on the modest side for DAL. Measured by IV percentile, IV is higher than 40% of the past year's readings. Options expiring Dec 11 (28 days out) price a one standard deviation move of about $10.38, or 12.0%.
The price is above both its 50-day (+5.3%) and 200-day (+11.3%) moving averages. It is 7.9% below its 52-week high and 54.7% above its 52-week low. The 14-day RSI of 53.9 is between 30 and 70, neither overbought nor oversold. The 14-day average true range is $3.15, about 3.7% of the price, a measure of a typical day's range.
Option volume at the close (35.3K contracts) was 0.5x its average, much quieter than usual. A beta of 1.65 means DAL has tended to move about 1.6 times as much as the broad market. 4 of our preset screens found trades on DAL at the close, led by Bull Call Spreads on High-Beta Names with 5 trades.
DAL stats at the close
- Price
- $86.25
- Market cap $56.7B
- Implied volatility
- 41.8%
- 30-day, at the money
- IV rank
- 33
- IV sits 33% of the way from its one-year low to its one-year high.
- IV percentile
- 40
- IV is higher than 40% of the past year's readings.
- ATR (14-day)
- $3.15
- 3.7% of the price on a typical day
- RSI (14-day)
- 53.9
- Between 30 and 70, neutral
- 52-week range
- -7.9% from high
- +54.7% from the 52-week low
- Moving averages
- +5.3% vs 50-day
- +11.3% vs the 200-day
- Beta
- 1.65
- Sensitivity to the broad market
- Option volume
- 0.5x avg
- 35.3K contracts vs 78.3K average
DAL expected move by expiration
Expected move = price x at-the-money IV x the square root of (days to expiration / 365), a one standard deviation range. The straddle is the at-the-money call plus put, the market's own price for a move. Compare expected moves across stocks.
| Expiration | IV | Expected move | 1 SD range | Straddle |
|---|---|---|---|---|
| Nov 20, 20267 days | 43.7% | ±$5.21 (6.0%) | $81.04 to $91.46 | $4.16 |
| Dec 11, 202628 days | 43.5% | ±$10.38 (12.0%) | $75.87 to $96.63 | $8.27 |
| Jan 15, 202763 days | 39.7% | ±$14.24 (16.5%) | $72.01 to $100.49 | $11.33 |
Each expiration has its own implied volatility, and short-dated IV reacts more to near-term events, so the nearest expiration can differ a lot from the 30-day figure.
Trades that pass our screens as of the close
Counts and ranges for DAL from our preset scans at the last close. Open a preset in the app to see each trade with its strikes, prices, and risk, refreshed intraday. Income strategies show annualized return; the rest show return on risk.
Married Put Protection
Married Put3 trades pass on DAL
- Probability of profit
- 37.3% to 43.5%
Iron Condor, 2-ATR Profit Zone
Iron Condor1 trade passes on DAL
- Return on risk
- 35.1%
- Probability of profit
- 74.7%
Fresh Money Flow: Puts
Long Put1 trade passes on DAL
- Return on risk
- 1,000%+
- Probability of profit
- 36.6%
DAL options FAQ
- What is DAL's IV rank?
- At the last close, DAL's IV rank was 33 with 30-day implied volatility of 41.8%. IV sits 33% of the way from its one-year low to its one-year high. Its IV percentile was 40: IV is higher than 40% of the past year's readings.
- What is the expected move for DAL?
- Based on the last close, options expiring Dec 11, 2026 priced a one standard deviation move of $10.38 (12.0%), a range of $75.87 to $96.63. Roughly two times in three, the stock would finish inside that range if the options are priced fairly.
- Which option screens have trades on DAL?
- At the last close, these OptionClaws preset screens had passing trades on DAL: Bull Call Spreads on High-Beta Names (5), Married Put Protection (3), Iron Condor, 2-ATR Profit Zone (1), Fresh Money Flow: Puts (1). Open a screen in the app to see the individual trades, refreshed intraday.
- Is DAL option volume above average?
- At the last close, DAL option volume was 0.5x its average, much quieter than usual.
More market data
Market data as of the prior close, for information and education only. Not investment advice. Options involve substantial risk and are not suitable for every investor. See our Terms of Service.