DAL Options Chain, Open Interest, and Volatility Data

DAL Options Open Interest & Strategy Insights

DAL – Top 10 Strike Prices by Open Interest

Strike	Call OI	Put OI	Total OI
62.5	75302	7163	82465
60	57148	23508	80656
50	17366	52983	70349
55	31827	35900	67727
72.5	49320	182	49502
65	36058	2817	38875
45	4149	33853	38002
57.5	18253	17824	36077
52.5	10670	24723	35393
40	9049	26229	35278

DAL – Volatility Metrics & Put/Call Analysis

Put/Call OI Ratio	Put/Call Volume Ratio	Avg Call IV	Avg Put IV	IV Skew
0.63	0.46	54.87%	53.04%	-1.82%

Data Analysis

Symbol: DAL Current Price: 58.54
Max Pain: 60.00 (below)

📌 Absolute OI Peak: 62.50 (82465 contracts)
🛡️ Short-term Key Levels: 57.50（36077 contracts，minor support） , 55.00（67727 contracts，major support） , 52.50（35393 contracts，major support）

📈 Put/Call OI Ratio: 0.63 (bullish, Call OI dominant)
Put/Call Volume Ratio: 0.46 (bullish, Call volume dominant)

📊 Avg Call IV: 54.87%
Avg Put IV: 53.04%
IV Skew: -1.82% (Call IV higher than Put IV by 1.82%, upward expectation slightly stronger)

Market Sentiment Based on Options by Expiration Date

Date	Call Volume	Put Volume	Open Interest	Put/Call Ratio	Sentiment
2025-11-07	19454	4035	21718	0.207	Moderate Bullish 📈 (70) ⚠️
2025-11-14	7289	2507	25176	0.344	Moderate Bullish 📈 (70)
2025-11-21	2578	2270	104934	0.881	Moderate Bullish 📈 (65)
2025-11-28	365	92	3406	0.252	Moderate Bullish 📈 (70) ⚠️
2025-12-05	248	70	551	0.282	Moderate Bullish 📈 (70) ⚠️
2025-12-12	28	230	199	8.214	Moderate Bearish 📉 (30) ⚠️
2025-12-19	4138	4423	228311	1.069	Neutral ⚖️ (50) ⚠️
2026-01-16	4898	2576	158018	0.526	Moderate Bullish 📈 (65)
2026-02-20	544	263	15288	0.483	Moderate Bullish 📈 (70)
2026-03-20	938	354	53809	0.377	Strong Bullish 📈💥 (85)
2026-05-15	423	738	2806	1.745	Moderate Bearish 📉 (30)
2026-06-18	455	447	30909	0.982	Neutral ⚖️ (50)
2026-09-18	77	682	9097	8.857	Moderate Bearish 📉 (30) ⚠️
2026-12-18	362	519	23968	1.434	Slight Bearish 📉 (40)
2027-01-15	401	895	42357	2.232	Moderate Bearish 📉 (30)
2028-01-21	81	484	3843	5.975	Moderate Bearish 📉 (30) ⚠️
How the Sentiment Algorithm Works This table evaluates market sentiment based on aggregated options data by expiration date. The key metrics are: Put/Call Ratio (PCR): Indicates the relative activity between put and call options. A high PCR suggests bearish sentiment, while a low PCR indicates bullish sentiment. Open Interest (OI): Represents the number of outstanding contracts. Higher values reflect strong market attention or hedging activity. Unusual activity ⚠️: Days with extremely high PCR or OI are flagged, signaling possible speculative bets or hedging pressures. The sentiment score is computed by combining PCR and OI, then classified into clear labels such as Strong Bullish, Moderate Bullish, Neutral, Moderate Bearish, Strong Bearish. Scores range from 0 to 100, where higher values indicate stronger bullish sentiment and lower values indicate stronger bearish sentiment.