Tuesday, January 5, 2010

Delta Options Spiking (DAL, CAL, UAUA)

Stock Assault 2.0 - Artificial Intelligence Stock Market Software

Delta Air Lines Inc. (NYSE: DAL) is seeing action in options trading this morning as the calls were hot off the open with more than 10,000 February $12 calls trading with shares at $11.80 and rising, 2X daily volume in 10 minutes of trading with offer side buying in large blocks.  Shares of airline stocks are higher despite oil prices recent rise after positive share moves in Continental Airlines, Inc. (NYSE: CAL) and UAL Corporation (NASDAQ: UAUA) up 8%.  Delta shares are up 7.75% at $12.09 in early morning trading.

Joe Kunkle, OptionsHawk.com

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