DELTA AIR LINES, INC. (DAL) Options Statistics & Positioning

DELTA AIR LINES, INC. (DAL) options trade at a 30-day at-the-money implied volatility of 36.3%, an IV rank of 13 out of 100 over the past year. The options market prices a ±$7.83 (±9.5%) move in DAL for the front expiration. Max pain sits at $80 and the put/call open interest ratio is 1.09. Statistics are computed by OptiView from delayed OPRA options data and refresh every trading day.

Data as of Aug 24, 2026, 3:55 PM ET · OPRA data 15 minutes delayed · For information only — not investment advice.

Last close

$82.35

52-week range

$55.63 – $93.98

ATM IV (30d)

36.3%

IV rank

13 / 100

Low

Expected move

±$7.83 (±9.5%)

Put/call OI

1.09

Max pain

$80

↓ 2.9% below close

Next earnings

Oct 11, 2026

Most Active DAL Contracts

Contract	Expiration	DTE	Last	IV	Volume
DAL $85 call	Aug 28, 2026	4d	$0.40	0.0%	1,891
DAL $84 call	Aug 28, 2026	4d	$0.66	36.6%	1,255
DAL $82.5 put	Sep 18, 2026	25d	$2.98	33.0%	891
DAL $77 put	Sep 18, 2026	25d	$1.03	36.7%	725
DAL $80 put	Oct 16, 2026	53d	$3.55	—	334

See all active DAL contracts →

Explore DAL Options Statistics

DAL Implied Volatility

36.3% ATM IV (30d)

An IV rank of 13 places implied volatility in the lower part of its 52-week range.

Full implied volatility analysis →

DAL Open Interest

1.09 put/call OI ratio

166,460 calls and 180,948 puts outstanding across all expirations.

Full open interest analysis →

DAL Max Pain

$80 max pain

2.9% below the last close — see how max pain has moved over the past year.

Full max pain analysis →

DAL Gamma Exposure

$192.02M net GEX

Positive dealer gamma — hedging currently leans against price swings.

Full gamma exposure analysis →

DAL Options Volume

13,442 contracts traded

Put/call volume ratio 0.73 — plus contracts running far above their usual volume.

Full volume & flow analysis →

DAL Most Active Options

$85 top volume strike

The 25 most actively traded DAL contracts with price, IV, greeks, and volume vs. average.

Full active contracts analysis →

Upcoming Earnings

DAL's next expected earnings date is Oct 11, 2026. Options currently price a ±$7.83 (±9.5%) move for the front expiration.

Explore the payoff profile of option on DAL for free

Build multi-leg DAL strategies, visualize payoffs, and scan the full US options universe with OptiView.

Open DAL in the platform Scan options

DAL Options FAQ

When is DAL's next earnings date?

DAL's next expected earnings date is Oct 11, 2026. Options currently price a ±$7.83 (±9.5%) move for the front expiration.

How often is DAL options data on this page updated?

All DAL statistics on this page are computed by OptiView from delayed OPRA options data and refresh every trading day after the session close.

Where can I see DAL max pain, open interest, and implied volatility in detail?

OptiView publishes dedicated DAL pages for implied volatility, max pain, open interest, gamma exposure, options volume, and the most active contracts — each with charts, history, and a plain-English explanation of what the numbers mean.

Methodology. IV rank compares the current 30-day at-the-money implied volatility with its highest and lowest values over the past 52 weeks. Max pain is the strike that minimizes the total payout to option holders at expiration. The call and put walls are the strikes carrying the largest call and put open interest across all expirations. Net gamma exposure (GEX) is measured from the dealer perspective. All statistics are derived from delayed OPRA options data.

Options trading involves significant risk, and losses can exceed your initial investment. Always consult a licensed financial professional before making investment decisions. OptiView does not provide financial advice; all figures on this page are descriptive statistics, not recommendations.