Replies to post #271732 on Zeev's Turnips Patch-No Politics (ZEEV)

[marketmaven]

DAL Call Options Rise ahead of Short Squeeze- Schaeffer

Delta Air Lines seeing big short-sqeeze post earnings, stock
is one of Briefing.com's "Heavily Shorted Stocks" (DAL) 6.15 +0.65: -- Update -- Delta was the top name mentioned (with respect to total short-interest) on Briefing.com's list of Heavily Shorted Stocks for July with short-interest reported at 46% of the float.

Delta Air Lines (NYSE:DAL) reported their second-quarter results this morning, and even though their loss of $2.55 per share was wider than expected, the stock has responded positively. DAL is currently trading at $5.73, up slightly more than four percent on the day. The shares traded as high as $6.41 in the wake of the news. In addition, options players have piled up on call options, with twice the average volume crossing the tape so far today. Even though option activity on the stock has been quite optimistic, there is still a heavy amount of short interest held on the shares that could act as fuel for rallies or support on pullbacks.