Unusual flow on
DAL
Delta Airlines selling 35 strike puts for .31, getting out of ITM 6/16 35/40C spreads and buying 7/21 40/45C spreads for 1.35. Chart shows a pivot point Oct 2022 where there are now lower highs and higher highs. Bulls will want to see another higher high and a 40-42 resistance breakout.
DAL
Delta Airlines selling 35 strike puts for .31, getting out of ITM 6/16 35/40C spreads and buying 7/21 40/45C spreads for 1.35. Chart shows a pivot point Oct 2022 where there are now lower highs and higher highs. Bulls will want to see another higher high and a 40-42 resistance breakout.