CNBC report on a trader wagering $3.5 million on Delta Airlines going higher in price

  • Trader bought 45,000 December 52.50-calls for 77 cents each

CNBC go on:

  • Since each options contract accounts for 100 shares of stock, this is a nearly $3.5 million bet that Delta will be above $53.27 by next Friday

-

Of course, this could be a short using the options as a stop, who knows for sure?

Arguments for rising airline stocks are based on the Fed not hiking and continued falls in the oil price (fuel is a big cost to airlines ... though not as much as it was ;-) )