DAL Options Chain by Expiration – Open Interest & Put/Call Ratio

Explore the DAL options chain aggregated by expiration date, with call and put open interest, total OI and put/call ratios. Use this overview to spot where options positioning is most concentrated and which expirations carry bullish, bearish or neutral sentiment for DAL.

Options Analysis Short-Term Forecast Short Interest Report

Market Sentiment from DAL Options by Expiration Date

The table below aggregates DAL options data by expiration date, including call volume, put volume, total open interest and the put/call ratio. Each row is assigned a sentiment label and numerical sentiment score, highlighting expirations where positioning is extremely bullish, defensive or balanced. Click on an expiration date to drill down into the detailed options chain for that maturity.

Expiration Date	Call OI	Put OI	Total Open Interest	Put/Call Ratio
2025-12-26	5727	9717	15444	1.697
2026-01-02	3509	5503	9012	1.568
2026-01-09	2370	1626	3996	0.686
2026-01-16	163227	134454	297681	0.824
2026-01-23	1156	645	1801	0.558
2026-01-30	236	285	521	1.208
2026-02-20	21326	17712	39038	0.831
2026-03-20	37281	53523	90804	1.436
2026-05-15	4532	21311	25843	4.702
2026-06-18	23017	28565	51582	1.241
2026-09-18	4952	9982	14934	2.016
2026-12-18	15739	14432	30171	0.917
2027-01-15	24198	28740	52938	1.188
2028-01-21	1799	4666	6465	2.594
How the Options Sentiment Score Is Calculated This sentiment framework evaluates market bias for DAL based on aggregated options data by expiration date. The key metrics are: Put/Call Ratio (PCR): Compares put and call activity. A higher PCR usually indicates more defensive or bearish positioning, while a lower PCR suggests bullish call demand. Open Interest (OI): Represents the number of outstanding option contracts. Higher open interest reflects strong market attention, hedging activity or speculative positioning around DAL. Unusual activity ⚠️: Expirations with extreme PCR or unusually high OI are flagged with a warning icon, signaling concentrated bets, hedging pressure or potential event-driven risk. The sentiment score combines PCR and OI into a 0–100 scale, then classifies each expiration into intuitive labels such as Strong Bullish, Moderate Bullish, Neutral, Moderate Bearish, Strong Bearish. Higher scores reflect more aggressive bullish positioning in DAL options, while lower scores highlight more defensive or bearish structures.