Investors in Delta Air Lines, Inc. (DAL) saw new options become available today, for the April 25th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DAL options chain for the new April 25th contracts and identified one put and one call contract of particular interest.The put contract at the $34.50 strike price has a current bid of $1.44. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $34.50, but will also collect the premium, putting the cost basis of the shares at $33.06 (before broker commissions). To an investor already interested in purchasing shares of DAL, that could represent an attractive alternative to paying $35.13/share today.
Interesting DAL Put And Call Options For April 25th
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