Delta Air Stock Options Expiring on 18th of December 2026

DAL Stock  USD 63.48  0.71  1.13%   
Delta Air's latest option contracts expiring on 2026-12-18 are carrying combined implied volatility of 0.07 with a put-to-call open interest ratio of 0.17 over 44 outstanding agreements suggesting investors are buying way more calls than puts on contracts expiring on 2026-12-18. The total put volume is at 558, with calls trading at the volume of 558. This yields a 2.82 put-to-call volume ratio.

Open Interest Against 2026-12-18 Option Contracts

The chart above shows Delta Air's distribution of open interest by maturity on contracts that have not yet been settled. The area between the two highest points is the projection of the price at expiration. Delta Air's open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for Delta Air's option, there is no secondary market available for investors to trade.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Delta Air Lines. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Delta Air Lines In The Money Call Balance

When Delta Air's strike price is surpassing the current stock price, the option contract against Delta Air Lines stock is said to be in the money. When it comes to buying Delta Air's options that are 'In the Money' or 'Out of the Money', the choice depends on your outlook for the underlying security, financial situation, and what you are trying to achieve.
While 'out-of-the-money' option contracts written on Delta Air Lines are typically viewed as the more aggressive, there are potential upsides to purchasing these types of options contracts. For one, the cost to buy an 'Out of the Money' option is lower than the cost to buy an 'In the Money' option. This cost-benefit is due to the fact that at the time of the purchase, 'Out of the Money' contracts have no intrinsic value. So, while the potential for a 100% loss is more significant, the cost and risk to enter the trade are lower.

Delta Current Options Market Mood

Delta Air's open interest and total value indicators provide investors with the necessary information to digest the overall options buildup for its expiring contracts. In addition, it helps Delta Stock's traders understand whether a recent fall or rise in the market is unreasonable and if the time has come to take contrarian positions. These ratios are calculated based on options trading volumes and current open interest.

Put-to-Call Open Interest

Put-to-Call Volume

Unfortunately, most Delta Air's options investors are not very successful. Delta Air's option open interest and volume spread between outstanding puts and calls are regarded by many investors as reliable indicators of the overall future market direction.

Rule 16 of the current Delta contract

Base on the Rule 16, the options market is currently suggesting that Delta Air Lines will have an average daily up or down price movement of about 0.004488% per day over the life of the 2026-12-18 option contract. With Delta Air trading at USD 63.48, that is roughly USD 0.002849. If you think that the market is fully incorporating Delta Air's daily price movement you should consider buying Delta Air Lines options at the current volatility level of 0.0718%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
  

Delta Air Option Chain

When Delta Air's strike price is surpassing the current stock price, the option contract against Delta Air Lines stock is said to be in the money. When it comes to buying options that are ITM or OTM, the choice depends on your outlook for the underlying security, financial situation, and what you are trying to achieve.
Delta Air's option chain is a display of a range of information that helps investors for ways to trade options on Delta. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Delta. It also shows strike prices and maturity days for a Delta Air against a given expiration period. The table below combines all the option information in the form of a chain but before you use it, remember that it entails significant risk and it is not for everyone.
Open IntExpirationCurrent SpreadLast Price
Call
DAL Option Call 18-12-2026 2092026-12-1843.0 - 46.2543.39In
Call
DAL Option Call 18-12-2026 2502026-12-180.0 - 0.031.1In
Call
DAL Option Call 18-12-2026 2802026-12-180.0 - 0.040.5In
Call
DAL Option Call 18-12-2026 3002026-12-180.0 - 0.035.4In
Call
DAL Option Call 18-12-2026 3332026-12-180.0 - 0.016.85In
Call
DAL Option Call 18-12-2026 3502026-12-180.0 - 0.034.05In
Call
DAL Option Call 18-12-2026 3802026-12-180.0 - 0.031.35In
Call
DAL Option Call 18-12-2026 4002026-12-180.0 - 0.028.43In
Call
DAL Option Call 18-12-2026 4302026-12-180.0 - 0.026.44In
Call
DAL Option Call 18-12-2026 4502026-12-180.0 - 0.025.24In
Call
DAL Option Call 18-12-2026 4702026-12-180.0 - 0.024.75In
Call
DAL Option Call 18-12-2026 5002026-12-180.0 - 0.020.85In
Call
DAL Option Call 18-12-2026 5202026-12-180.0 - 0.020.13In
Call
DAL Option Call 18-12-2026 5502026-12-180.0 - 0.019.23In
Call
DAL Option Call 18-12-2026 5702026-12-180.0 - 0.016.85In
Call
DAL Option Call 18-12-2026 6002026-12-180.0 - 0.019.0In
Call
DAL Option Call 18-12-2026 6202026-12-180.0 - 0.016.95In
Call
DAL Option Call 18-12-2026 6502026-12-180.0 - 0.014.09Out
Call
DAL Option Call 18-12-2026 7002026-12-180.0 - 0.013.22Out
Call
DAL Option Call 18-12-2026 7202026-12-180.0 - 0.012.74Out
Call
DAL Option Call 18-12-2026 7502026-12-180.0 - 0.012.15Out
Call
DAL Option Call 18-12-2026 8002026-12-180.0 - 0.09.8Out
Call
DAL Option Call 18-12-2026 8502026-12-180.0 - 0.07.05Out
Call
DAL Option Call 18-12-2026 9002026-12-180.0 - 0.06.35Out
Call
DAL Option Call 18-12-2026 9502026-12-180.0 - 0.04.54Out
 Put
DAL Option Put 18-12-2026 2002026-12-180.0 - 0.00.36Out
 Put
DAL Option Put 18-12-2026 2502026-12-180.0 - 0.00.63Out
 Put
DAL Option Put 18-12-2026 2802026-12-180.0 - 0.00.88Out
 Put
DAL Option Put 18-12-2026 3002026-12-180.0 - 0.01.08Out
 Put
DAL Option Put 18-12-2026 3302026-12-180.0 - 0.01.41Out
 Put
DAL Option Put 18-12-2026 3502026-12-180.0 - 0.01.7Out
 Put
DAL Option Put 18-12-2026 3802026-12-180.0 - 0.01.95Out
 Put
DAL Option Put 18-12-2026 4002026-12-180.0 - 0.02.37Out
 Put
DAL Option Put 18-12-2026 4302026-12-180.0 - 0.03.1Out
 Put
DAL Option Put 18-12-2026 4502026-12-180.0 - 0.03.8Out
 Put
DAL Option Put 18-12-2026 4702026-12-180.0 - 0.04.12Out
 Put
DAL Option Put 18-12-2026 5002026-12-180.0 - 0.05.45Out
 Put
DAL Option Put 18-12-2026 5202026-12-180.0 - 0.06.15Out
 Put
DAL Option Put 18-12-2026 5502026-12-180.0 - 0.06.63Out
 Put
DAL Option Put 18-12-2026 6022026-12-186.5 - 9.1510.7Out
 Put
DAL Option Put 18-12-2026 6202026-12-180.0 - 0.09.7Out
 Put
DAL Option Put 18-12-2026 7002026-12-180.0 - 0.013.65In
 Put
DAL Option Put 18-12-2026 7202026-12-180.0 - 0.013.7In
 Put
DAL Option Put 18-12-2026 7502026-12-1833.45 - 38.032.5In

Delta Air Selling And Marketing Expenses Over Time

   Selling And Marketing Expenses   
       Timeline  

Delta Total Stockholder Equity

Total Stockholder Equity

11.66 Billion

At this time, Delta Air's Total Stockholder Equity is quite stable compared to the past year.

Delta Air Corporate Directors

Sergio RialIndependent DirectorProfile
CHRISTOPHER HAZLETONIndependent DirectorProfile
David DeWaltIndependent DirectorProfile
Jeanne JacksonIndependent DirectorProfile
When determining whether Delta Air Lines is a strong investment it is important to analyze Delta Air's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Delta Air's future performance. For an informed investment choice regarding Delta Stock, refer to the following important reports:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Delta Air Lines. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Is Passenger Airlines space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Delta Air. If investors know Delta will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Delta Air listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.145
Dividend Share
0.5
Earnings Share
7.21
Revenue Per Share
94.267
Quarterly Revenue Growth
0.012
The market value of Delta Air Lines is measured differently than its book value, which is the value of Delta that is recorded on the company's balance sheet. Investors also form their own opinion of Delta Air's value that differs from its market value or its book value, called intrinsic value, which is Delta Air's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Delta Air's market value can be influenced by many factors that don't directly affect Delta Air's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Delta Air's value and its price as these two are different measures arrived at by different means. Investors typically determine if Delta Air is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Delta Air's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.