I am going to be shorting DAL vol into the close leaning a bit positive delta. Check out the cummulative $ pnl from shorting the 30d ATMF straddle.
Agree with the bullish bias. I had to leave today so I shorted it early.. picked 59.50 strike which was 50c above spot at the time. $1.7 credit. Might've done 60.00 if I was here at the close. Hope it goes well for us!
Good luck to us! I am short the 60. TBH, the 59.5 might do better as the company already released a ton of info to their investors last week. We might not get a jump at all!
Yeah, DAL was satisfying! Congrats on the 60 strike, depending when you got out that was nearly perfect. I ended up collecting $0.55 per