DAL
Delta Air Lines, Inc.Pre-market80.11−2.06 −2.51%USD
NYSE · as of Oct 12, 16:00 ET · 20m delayPre-market 80.88 +0.96%
Open
81.05
Prev close
82.17
Day range
79.7181.75
52-week range
55.0395.68
Volume
6.16M0.99×
Mkt cap
52.68B
P/E ttm
15.99
Fwd P/E
10.81
EPS ttm
5.01
Div yield
1.07%
Earnings
Oct 9, 2026
From 52w high
−16.27%
DAL market-implied price distribution
DAL Price at Expiry
33 OTM quotes · ATM IV 35.9%
Days to expiry
31
Fri, Nov 13, 2026
P(finish above spot)
53%
spot 80.11
Expected price
80.80
forward 80.93
68% range
73–89
−9.0% / +10.9%
Shaded band: the middle 68% of outcomes. Where the blue curve sits above the dashed one, options price that move as likelier than a plain bell curve would.
Target Price
Percentiles
| Chance below | Price | vs spot |
|---|---|---|
| 5% | 64.14 | −19.9% |
| 16% | 72.88 | −9.0% |
| 25% | 75.65 | −5.6% |
| 50% (median) | 80.75 | +0.8% |
| 75% | 85.96 | +7.3% |
| 84% | 88.88 | +10.9% |
| 95% | 98.42 | +22.9% |
Move Odds
| Up 5% or more (84.12) | 33% |
|---|---|
| Up 10% or more (88.12) | 18% |
| Down 5% or more (76.10) | 27% |
| Down 10% or more (72.10) | 14% |
Options price a 10%+ drop at 14%, 1.0× the 15% a bell curve with the same volatility gives.
Risk-neutral odds from option prices, the bot's lgf odds method: out-of-the-money mids → implied vols → a smoothed smile in total variance → density = erT·∂²C/∂K² (Breeden–Litzenberger). Risk-neutral odds include the market's risk premium, so they lean bearish compared with real-world odds. Not investment advice.