Significant Friday Options Activity in DAL, CVNA, and LUNG

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Delta Air Lines Inc (NYSE: DAL) reported significant trading activity today, recording a total of 59,220 options contracts, equating to approximately 5.9 million underlying shares. This represents 63.6% of its average daily trading volume of 9.3 million shares for the past month. Notably, the $65 strike call option expiring on March 20, 2026, saw 7,240 contracts traded, which translates to around 724,000 underlying shares.

In other notable activity, Carvana Co (NYSE: CVNA) experienced an options trading volume of 29,939 contracts, or around 3.0 million underlying shares, constituting 62.1% of its average daily volume of 4.8 million shares. A high volume was noted in the $300 strike put option expiring on March 6, 2026, with 2,073 contracts traded, representing approximately 207,300 underlying shares.

Pulmonx Corp (NYSE: LUNG) also showed significant options trading, with 2,728 contracts traded today, representing about 272,800 underlying shares, or 60.5% of its average daily volume of 450,930 shares. The $1.50 strike put option expiring on March 20, 2026, had 1,351 contracts traded, equating to approximately 135,100 underlying shares.

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