Delta Air Lines, Inc. Can Burn Your Long Portfolio. Option Traders Are Bearish

 Delta Air Lines, Inc. Can Burn Your Long Portfolio. Option Traders Are Bearish

In today’s session Delta Air Lines, Inc. (DAL) recorded an unusually high (645) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious DAL decrease. With 645 contracts traded and 2454 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: DAL161118P00033000 closed last at: $0.15 or 37.5% down. About 7.18 million shares traded hands. Delta Air Lines, Inc. (NYSE:DAL) has declined 16.39% since March 14, 2016 and is downtrending. It has underperformed by 22.00% the S&P500.

Delta Air Lines, Inc. (NYSE:DAL) Ratings Coverage

Out of 14 analysts covering Delta Air Lines (NYSE:DAL), 11 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 79% are positive. Delta Air Lines has been the topic of 26 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Argus Research on Wednesday, October 21. The stock of Delta Air Lines, Inc. (NYSE:DAL) has “Buy” rating given on Wednesday, October 5 by Buckingham Research. Cowen & Co maintained Delta Air Lines, Inc. (NYSE:DAL) on Wednesday, July 6 with “Outperform” rating. The firm earned “Overweight” rating on Thursday, April 28 by Morgan Stanley. Deutsche Bank downgraded the stock to “Hold” rating in Friday, April 1 report. Credit Suisse maintained the shares of DAL in a report on Tuesday, April 12 with “Outperform” rating. The firm has “Buy” rating by Argus Research given on Wednesday, January 13. The stock of Delta Air Lines, Inc. (NYSE:DAL) earned “Mkt Perform” rating by Bernstein on Tuesday, October 11. As per Friday, July 15, the company rating was downgraded by Evercore. The stock of Delta Air Lines, Inc. (NYSE:DAL) has “Outperform” rating given on Wednesday, July 6 by Credit Suisse.

According to Zacks Investment Research, “Delta is America’s fastest growing international carrier. Delta Air Lines offers customers service to more destinations than any global airline with Delta and Delta Connection carrier service. Delta has added more international capacity than all other U.S. airlines combined and is the leader across the Atlantic.”

Insitutional Activity: The institutional sentiment decreased to 1 in Q2 2016. Its down 0.09, from 1.09 in 2016Q1. The ratio dived, as 92 funds sold all Delta Air Lines, Inc. shares owned while 277 reduced positions. 75 funds bought stakes while 294 increased positions. They now own 620.66 million shares or 4.75% less from 651.60 million shares in 2016Q1.
accumulated 31,825 shares or 1.36% of the stock. Connor Clark And Lunn has 900,700 shares for 0.24% of their US portfolio. Moreover, Commerzbank Aktiengesellschaft Fi has 0.09% invested in Delta Air Lines, Inc. (NYSE:DAL) for 374,504 shares. Sii Invests Wi accumulated 6,806 shares or 0.02% of the stock. Highvista Strategies Ltd Liability Com holds 31,300 shares or 0.22% of its portfolio. Parametric Assocs Llc holds 2.30M shares or 0.13% of its portfolio. Moreover, Glacier Peak Ltd Limited Liability Company has 1.45% invested in Delta Air Lines, Inc. (NYSE:DAL) for 37,500 shares. Moreover, Regentatlantic Cap Ltd Co has 0.26% invested in Delta Air Lines, Inc. (NYSE:DAL) for 73,302 shares. Fuller Thaler Asset Management has 0.01% invested in the company for 15,500 shares. Willingdon Wealth Management reported 10,000 shares or 0.19% of all its holdings. Partners Lc accumulated 0.58% or 202,400 shares. Babson Cap Ltd Liability Company reported 117,797 shares or 0.11% of all its holdings. Cim Inv Mangement has invested 0.2% of its portfolio in Delta Air Lines, Inc. (NYSE:DAL). General Electric Comm reported 2.57 million shares or 0.49% of all its holdings. Alps Advisors accumulated 8,327 shares or 0% of the stock.

Insider Transactions: Since April 18, 2016, the stock had 4 insider purchases, and 7 selling transactions for $78.23 million net activity. ANDERSON RICHARD H had sold 190,881 shares worth $8.11 million. 5,000 shares were bought by Mattson George N, worth $206,950. Jacobson Paul A also bought $972,770 worth of Delta Air Lines, Inc. (NYSE:DAL) shares. 4,671 shares with value of $187,587 were sold by Sear Steven M on Wednesday, October 5. $852,480 worth of shares were sold by Bastian Edward H on Monday, May 9. On Wednesday, May 4 Carter Peter W bought $103,540 worth of the stock or 2,500 shares. $289,648 worth of Delta Air Lines, Inc. (NYSE:DAL) was sold by Smith Joanne D.

Delta Air Lines, Inc. provides scheduled air transportation for passengers and cargo throughout the United States and around the world. The company has a market cap of $29.61 billion. The Company’s operates through divisions, including Airline Segment and Refinery Segment. It has a 6.39 P/E ratio. The Airline segment is managed as a single business unit that provides scheduled air transportation for passengers and cargo throughout the United States and around the world and other ancillary airline services.

DAL Company Profile

Delta Air Lines, Inc. incorporated on March 16, 1967, provides scheduled air transportation for passengers and cargo throughout the United States and around the world. The Company’s operates through divisions, including Airline Segment and Refinery Segment.

More notable recent Delta Air Lines, Inc. (NYSE:DAL) news were published by: Foxbusiness.com which released: “Delta Air Lines, Inc. Earnings: A Disappointing Summer” on October 13, 2016, also Marketwatch.com with their article: “Delta Air Lines beats profit estimate but revenue falls short” published on October 13, 2016, Businessinsider.com published: “Delta posts an earnings beat” on October 13, 2016. More interesting news about Delta Air Lines, Inc. (NYSE:DAL) were released by: Reuters.com and their article: “Delta Air Lines third-quarter profit tops estimates” published on October 13, 2016 as well as Fortune.com‘s news article titled: “US Airlines Say They May Be About to Slash Fares” with publication date: October 14, 2016.

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