Delta Air Lines Inc. (DAL)
Delta Air Lines Max Pain By Strike
DAL trades at $58.97, 7.2% above the near-term max pain of $55 expiring Aug 15, 2025 (0 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is rising across expirations ($40-$60), reflecting growing call interest at higher strikes. Key magnetic zone at 50 where 5 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Delta Air Lines Max Pain By Expiry
Max pain for DAL shows an upward trend from 40 to 60, suggesting bullish positioning in longer-dated options. The 39% spread signals divergent expectations across timeframes. Most levels below 58.97 may cap rallies. Strong magnetic level at 50 (5 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.
Max Pain Table
| Expiration Date | Max Pain | Max Pain vs Current Price |
|---|---|---|
| Aug 15, 2025 | 55 | -3.97 (-6.73%) |
| Aug 22, 2025 | 56 | -2.97 (-5.04%) |
| Aug 29, 2025 | 55 | -3.97 (-6.73%) |
| Sep 5, 2025 | 54 | -4.97 (-8.43%) |
| Sep 12, 2025 | 53 | -5.97 (-10.12%) |
| Sep 19, 2025 | 52.5 | -6.47 (-10.97%) |
| Sep 26, 2025 | 55 | -3.97 (-6.73%) |
| Oct 17, 2025 | 40 | -18.97 (-32.17%) |
| Dec 19, 2025 | 50 | -8.97 (-15.21%) |
| Jan 16, 2026 | 50 | -8.97 (-15.21%) |
| Feb 20, 2026 | 60 | 1.03 (1.75%) |
| Mar 20, 2026 | 50 | -8.97 (-15.21%) |
| Jun 18, 2026 | 50 | -8.97 (-15.21%) |
| Sep 18, 2026 | 52.5 | -6.47 (-10.97%) |
| Dec 18, 2026 | 47 | -11.97 (-20.30%) |
| Jan 15, 2027 | 50 | -8.97 (-15.21%) |