Delta Air Lines (DAL) Options Chain

NYSE: DALConsumer DiscretionaryAir Freight/Delivery ServicesUSD

82.17+0.03 (+0.04%)

At close: Oct 9, 4:00 PM ET · Delayed 15 min

Expiration date

Expiration: Oct 16, 2026
Days to expiration: 6
Share price: $82.17
Put/call ratio (OI): 0.14
Put/call ratio (volume): 0.26
ATM implied volatility: 40.8%
Expected move: ±$4.30
Open interest (C / P): 146.30K / 21.12K

DAL options summary

The DAL options chain for the October 16, 2026 expiration lists 37 call and 36 put contracts, with 6 days until expiration. Open interest stands at 146,300 calls and 21,117 puts, a put/call ratio of 0.14, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $82.00 strike is 40.8%, which implies the market expects a move of about ±$4.30 (5.2%) in Delta Air Lines stock by expiration.

The most open interest sits at the $87.50 call (54.95K contracts) and the $70.00 put (2.98K contracts).

Summary generated from market data by MetaCap's automated system. Methodology

DAL options chain · October 16, 2026

DAL calls and puts by strike price. Shaded cells are in the money.
Calls							Puts
OI	Vol	IV	Last	Bid	Ask	Strike	Bid	Ask	Last	IV	Vol	OI
2	1	305.5%	34.82	30.20	33.75	50.00	0.00	0.02	0.01	129.7%	116	23
9	7	259.2%	29.85	25.20	28.75	55.00	0.00	0.02	0.02	106.3%	160	82
8	2	155.3%	24.88	20.20	22.65	60.00	0.00	0.12	0.12	106.3%	90	634
21	1	119.7%	18.94	15.95	17.60	65.00	0.00	0.03	0.02	68.8%	137	440
—	—	—	—	—	—	67.00	0.00	0.02	0.01	57.8%	39	53
—	—	—	—	—	—	68.00	0.00	0.01	0.01	50.0%	49	101
—	—	—	—	—	—	69.00	0.00	0.01	0.02	50.0%	103	31
128	4	74.7%	11.12	10.95	13.80	70.00	0.00	0.07	0.02	54.7%	380	2,984
—	—	—	—	—	—	71.00	0.00	0.05	0.01	53.1%	33	110
—	—	—	—	—	—	72.00	0.02	0.04	0.04	47.3%	418	48
41	1	110.7%	10.88	7.75	11.05	72.50	0.03	0.07	0.04	49.4%	141	1,518
21	2	102.0%	7.15	8.00	10.40	73.00	0.00	0.08	0.05	48.2%	194	580
3	2	62.9%	10.42	6.25	8.55	74.00	0.01	0.13	0.08	48.2%	123	479
327	13	70.8%	6.07	5.85	7.90	75.00	0.06	0.12	0.10	42.5%	1,075	2,733
23	13	79.7%	4.97	4.90	7.40	76.00	0.11	0.17	0.15	40.8%	612	834
24	1	60.4%	2.93	4.10	6.00	77.00	0.17	0.35	0.25	43.8%	969	1,215
370	12	47.3%	3.62	3.95	5.20	77.50	0.24	0.34	0.29	40.4%	227	1,020
14	43	51.7%	3.92	3.60	4.95	78.00	0.20	0.40	0.40	39.5%	458	622
16	26	45.7%	3.25	3.40	4.00	79.00	0.47	0.63	0.55	40.1%	560	277
2,139	424	40.4%	2.92	2.76	3.10	80.00	0.74	0.91	0.79	39.9%	1,450	2,856
183	8,656	40.3%	2.35	2.14	2.46	81.00	1.05	1.32	1.20	41.0%	758	395
1,776	11,419	41.1%	1.68	1.66	1.95	82.00	1.48	1.75	1.65	40.4%	316	919
DAL $82.17
1,787	205	39.8%	1.50	1.35	1.65	82.50	1.75	2.11	1.96	42.7%	56	1,071
438	512	38.9%	1.34	1.16	1.39	83.00	1.86	2.92	2.48	54.4%	231	589
1,894	1,475	36.6%	0.91	0.85	0.92	84.00	2.28	3.50	3.29	54.0%	28	265
8,471	6,482	38.2%	0.65	0.60	0.70	85.00	2.86	4.35	4.05	58.5%	141	551
1,087	994	39.5%	0.46	0.39	0.52	86.00	3.70	6.15	5.59	55.3%	4	35
2,802	736	39.0%	0.33	0.26	0.34	87.00	4.90	7.20	7.70	65.2%	4	60
54,952	842	39.5%	0.26	0.24	0.29	87.50	5.45	7.10	5.80	60.9%	1	172
3,047	445	39.8%	0.27	0.17	0.24	88.00	5.55	8.20	7.44	66.8%	4	30
443	93	40.6%	0.11	0.07	0.17	89.00	6.60	8.45	8.06	61.9%	2	50
5,666	1,643	40.0%	0.10	0.08	0.10	90.00	7.50	9.30	8.05	62.8%	40	160
351	117	55.8%	0.06	0.01	0.29	91.00	8.75	11.00	8.90	83.8%	—	46
726	117	53.5%	0.08	0.01	0.15	92.50	10.00	11.75	11.45	73.9%	1	118
4,889	65	45.3%	0.04	0.00	0.02	95.00	12.65	14.95	12.45	101.5%	4	16
53,027	4	48.4%	0.01	0.00	0.01	97.50	—	—	—	—	—	—
1,279	6	50.0%	0.01	0.00	0.01	100.00	—	—	—	—	—	—
195	1	65.6%	0.01	0.00	0.02	105.00	0.00	0.00	16.80	—	—	0
64	1	166.3%	0.03	0.00	2.13	110.00	—	—	—	—	—	—
56	2	81.3%	0.01	0.00	0.01	115.00	—	—	—	—	—	—
11	1	199.5%	0.06	0.00	2.13	120.00	—	—	—	—	—	—
10	10	128.9%	0.05	0.00	0.06	130.00	—	—	—	—	—	—

In-the-money callsIn-the-money puts. IV = implied volatility, OI = open interest (contracts). Each contract covers 100 shares. Quotes delayed at least 15 minutes.

Frequently asked questions

What is the DAL put/call ratio?

For the October 16, 2026 expiration, the DAL put/call ratio based on open interest is 0.14 (21,117 puts vs 146,300 calls), and 0.26 based on today's volume. A ratio above 1 means more puts than calls.

What is DAL's implied volatility?

At-the-money implied volatility for DAL options expiring October 16, 2026 is about 40.8%, an annualized estimate of how much the market expects Delta Air Lines stock to move.

How many DAL option expiration dates are there?

DAL has 13 listed expiration dates, from Oct 16, 2026 to Jan 19, 2029.

What does "in the money" mean?

A call is in the money when the strike price is below the current share price; a put is in the money when the strike is above it. In-the-money contracts have intrinsic value and are shaded in the table.