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DAL

Delta Air Lines

$48.42

0.1 (0.21%)

14:10
09/26/17
09/26
14:10
09/26/17
14:10

Delta calls outpace puts 10:1 as a bullish spread is opened

Delta calls outpace puts 10:1 as a bullish spread is opened. The stock up 10c to $48.42 and 8.6K Jan 50 calls bought for $2.20, 25K Jan 55 calls sold at 72c, and 8.6K Jan 60 calls bought for 20c. All three legs open and the payoff for the position is similar to a butterfly, with a max profit if shares settle at the middle 55-strike, but the risks are greater than a fly because not all of the short calls (body) are hedged with long calls (wings). Separately, 2K Oct 50 - 52.5, 1X2, call spreads on Delta trade for 33c. 5K Oct 50 and 7.5K Oct 52.5 calls traded total. Mar 43 puts and Jan 48 puts are next most active. Total volume is 2.5X daily average at 58K calls and 5.7K puts. Next earnings due mid-October.

DAL Delta Air Lines
$48.42

0.1 (0.21%)

09/06/17
IMPC
09/06/17
NO CHANGE
Target $50
IMPC
In-Line
Delta Air Lines price target lowered to $50 from $54 at Imperial Capital
Imperial Capital analyst Michael Derchin lowered his price target for Delta Air Lines to $50 after the company indicated Q3 system PRASM is likely to be lower than initially anticipated. The analyst expects close-in yields to remain weak through FY17 and keeps an In-Line rating on the shares.
09/06/17
DBAB
09/06/17
NO CHANGE
Target $42
DBAB
Buy
Deutsche cuts price targets for Spirit Airlines, Delta Air Lines
Following the September quarter updates, Deutsche Bank analyst Michael Linenberg lowered his price target for Spirit Airlines (SAVE) to $42 from $54 and for Delta Air Lines (DAL) to $59 from $62. The analyst cites fuel and pricing pressures but keeps Buy ratings on both names.
09/21/17
UBSW
09/21/17
NO CHANGE
UBSW
Recent correction in airline stocks overdone, says UBS
UBS analyst Darryl Genovesi noted that United Continental (UAL) and Alaska Air (ALK) are down about 20% while Delta (DAL) and American (AAL) have fallen about 10% so far in Q3 as the fare-matching narrative has re-surfaced and estimates for fuel costs have risen. However, he views the recent correction as overdone and thinks the airline group as a whole, which was cheap before, is cheaper now without the forward earnings growth outlook being any worse. Genovesi, who doesn't see evidence of a demand drop off in the travel agency data he tracks, thinks Q3 RASM weakness is predominantly "self-inflicted" by oversupply. Other publicly traded companies in the space include JetBlue (JBLU) and Southwest (LUV).
09/25/17
MACQ
09/25/17
INITIATION
Target $61
MACQ
Outperform
Delta Air Lines initiated with an Outperform at Macquarie
Macquarie analyst Susan Donofrio initiated Delta Air Lines with an Outperform and $61 price target based on expectations it will maintain its leadership position in setting new standards for initiatives, such as its Branded Fair product, and shareholder returns. Donofrio notes Delta has shown disciplined capacity growth and cost constraints.

TODAY'S FREE FLY STORIES

WLL

Whiting Petroleum

$5.13

-0.135 (-2.57%)

12:45
10/17/17
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Options
Whiting Petroleum call volume above normal and directionally bullish »

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  • 26

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MAR

Marriott

$114.75

-0.36 (-0.31%)

12:39
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Marriott says Ed Ryan to retire as general counsel »

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VSTM

Verastem

$4.21

-0.14 (-3.22%)

12:35
10/17/17
10/17
12:35
10/17/17
12:35
Conference/Events
Verastem management to meet with Jefferies »

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  • 20

    Oct

VALE

Vale

$10.28

-0.225 (-2.14%)

12:34
10/17/17
10/17
12:34
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12:34
Periodicals
Vale seeks partner to invest in New Caledonia mine, FT reports »

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SB

Safe Bulkers

$3.21

-0.03 (-0.93%)

12:33
10/17/17
10/17
12:33
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12:33
Conference/Events
Safe Bulkers management to meet with Jefferies »

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  • 17

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CREE

Cree

$29.28

-0.08 (-0.27%)

12:29
10/17/17
10/17
12:29
10/17/17
12:29
Technical Analysis
Technical Earnings Preview: Cree near top of range ahead of results »

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  • 17

    Oct

PYPL

PayPal

$67.31

-1.35 (-1.97%)

12:25
10/17/17
10/17
12:25
10/17/17
12:25
Recommendations
PayPal analyst commentary  »

PayPal price target…

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  • 17

    Oct

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LNG

Cheniere Energy

$48.20

0.48 (1.01%)

12:25
10/17/17
10/17
12:25
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12:25
Options
Cheniere Energy call volume above normal and directionally bullish »

Bullish option flow…

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12:25
10/17/17
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12:25
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12:25
General news
U.S. corporate bond update: the calendar is relatively slim »

U.S. corporate bond…

CYTR

CytRx

$0.38

-0.0142 (-3.64%)

12:25
10/17/17
10/17
12:25
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Conference/Events
CytRx to host special shareholder meeting »

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  • 17

    Oct

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Conference/Events
Federal Reserve Bank of Philadelphia President speaks at summit »

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Conference/Events
American Association for Cancer Research holds a webinar »

Webinar entitled,…

GOOG

Alphabet

$992.00

2.32 (0.23%)

12:20
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Google refreshes Google Calendar for web »

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  • 22

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JNJ

Johnson & Johnson

$139.15

3.03 (2.23%)

12:20
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10/17
12:20
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Periodicals
Appeals court throws out $72M verdict against J&J, St. Louis Post-Dispatch says »

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  • 17

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    Nov

12:20
10/17/17
10/17
12:20
10/17/17
12:20
General news
Treasury's $40 B 4-week bill garnered solid results »

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SPX

S&P 500

12:19
10/17/17
10/17
12:19
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Hot Stocks
Trump expected to pick Fed chair before Asia trip, CNBC reports »

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$NSD

NASDAQ Market Internals

12:17
10/17/17
10/17
12:17
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Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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$NYE

NYSE Market Internals

12:16
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10/17
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Technical Analysis
NYSE market internals summary »

Volume is below average…

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SNAP

Snap

$16.21

0.135 (0.84%)

12:15
10/17/17
10/17
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Periodicals
Snap says advertising will stay main source of revenue, Bloomberg says »

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  • 24

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HBI

Hanesbrands

$23.28

-0.11 (-0.47%)

12:15
10/17/17
10/17
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Options
HanesBrands put volume heavy and directionally bearish »

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12:15
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General news
U.S. equities have been waffling »

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BC

Brunswick

$57.82

0.2324 (0.40%)

12:14
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Hot Stocks
Brunswick raises quarterly dividend 15% to 19c per share »

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  • 22

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SNAP

Snap

$16.23

0.155 (0.96%)

12:11
10/17/17
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Periodicals
Snap to broaden program types, partnerships with TV companies, Bloomberg says »

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  • 24

    Oct

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12:10
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12:10
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General news
FX Action: USD-JPY »

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SSNLF

Samsung

, AAPL

Apple

$159.88

2.89 (1.84%)

12:07
10/17/17
10/17
12:07
10/17/17
12:07
Periodicals
Samsung's Galaxy S8 tops consumer review performance list, Yonhap News reports »

The Samsung (SSNLF)…

SSNLF

Samsung

AAPL

Apple

$159.88

2.89 (1.84%)

03/08/13
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  • 22

    Oct

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    Nov

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