After hours
⌘K
Sign in Sign up

Delta Air Lines DAL 89.24 5.96 7.16%

Previous-day view · Wed Nov 4 close. You are previewing the previous trading day. Subscribe to see today live and every other date — Trader is $59/mo. Sign up Sign in

Expected move

November 04, 2026 close · $89.00
Horizon Expected move Typical range 2 in 3 closes 9 in 10 closes
Next session ±2.0% ±$1.78 $87.22 – $90.78 $86.86 – $91.14 $85.18 – $92.82
2 sessions ±2.8% ±$2.47 $86.53 – $91.47 $86.00 – $92.00 $83.66 – $94.34
3 sessions ±3.5% ±$3.08 $85.92 – $92.08 $85.32 – $92.68 $82.44 – $95.56
1 week ±4.3% ±$3.87 $85.13 – $92.87 $84.26 – $93.74 $80.74 – $97.26
2 weeks ±6.0% ±$5.38 $83.62 – $94.38 $82.33 – $95.67 $77.50 – $100.50
3 weeks ±7.2% ±$6.44 $82.56 – $95.44 $80.99 – $97.01 $75.39 – $102.61
1 month ±8.9% ±$7.93 $81.07 – $96.93 $79.10 – $98.90 $72.19 – $105.81
Size, not direction. The 68% and 90% bands held 66–68% and 89–90% of closes in held-out years 2019–2026. Draw the cone on the chart →

Volatility premium

Beta
The forecast is for the current session, which this plan does not open.

Earnings: priced against what happened

Average implied move
±6.84%
Average actual move
7.75%
Beyond the implied move
3 / 7
Median IV change
-24.48%
Reaction session Implied Actual Used ATM IV before → after
October 09, 2026 ±4.35% +0.04% 0.01× —
July 10, 2026 ±4.69% -1.81% 0.39× 50.9% → 39.4%
April 08, 2026 ±7.22% +3.75% 0.52× —
October 09, 2025 ±7.07% +4.29% 0.61× 59.4% → 43.0%
July 10, 2025 ±6.95% +11.99% 1.72× 55.3% → 40.8%
April 09, 2025 ±11.68% +23.38% 2.00× —
January 10, 2025 ±5.91% +9.00% 1.52× 49.3% → 41.7%
Reconstructed from archived mid quotes; the straddle covers its expiration, not only the reaction session. These are not option returns. Method and missing reports →