Delta Air Lines Inc. (DAL)
Delta Air Lines Max Pain By Strike
DAL trades at $61.69, 4.6% above the near-term max pain of $59 expiring Aug 29, 2025 (5 days). Price stability likely with balanced options positioning at this level. Max pain is stable across expirations ($47-$60), indicating stable market expectations. 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 stable levels around 54.10, reflecting balanced market expectations. The 24% spread signals divergent expectations across timeframes. Most levels below 61.69 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 29, 2025 | 59 | -2.69 (-4.36%) |
| Sep 5, 2025 | 56 | -5.69 (-9.22%) |
| Sep 12, 2025 | 55 | -6.69 (-10.84%) |
| Sep 19, 2025 | 52.5 | -9.19 (-14.90%) |
| Sep 26, 2025 | 58 | -3.69 (-5.98%) |
| Oct 3, 2025 | 59 | -2.69 (-4.36%) |
| Oct 17, 2025 | 60 | -1.69 (-2.74%) |
| Dec 19, 2025 | 50 | -11.69 (-18.95%) |
| Jan 16, 2026 | 50 | -11.69 (-18.95%) |
| Feb 20, 2026 | 60 | -1.69 (-2.74%) |
| Mar 20, 2026 | 50 | -11.69 (-18.95%) |
| Jun 18, 2026 | 50 | -11.69 (-18.95%) |
| Sep 18, 2026 | 55 | -6.69 (-10.84%) |
| Dec 18, 2026 | 47 | -14.69 (-23.81%) |
| Jan 15, 2027 | 50 | -11.69 (-18.95%) |