Delta Air Lines Stock Slips Despite Earnings Beat

Core Insights - Delta Air Lines Inc's shares have decreased by 2% to $69.55 despite beating fourth-quarter earnings expectations, as revenue missed estimates and 2026 guidance disappointed investors [1] - The company is preparing to increase its order for 30 Boeing 787 Dreamliner jets, which is attracting attention [1] Stock Performance - Shares are moving away from the recent record high of $73.16 on January 5, with support emerging around the $68 region [2] - Over the past nine months, Delta's equity has increased by 72.8%, with an 8.4% year-over-year gain [2] Options Activity - There has been significant options trading activity, with 30,000 calls and 24,000 puts traded, which is four times the typical volume [2] - The most popular options are the January 2026 70-strike call and the 70-strike put in the same series [2] - Delta's Schaeffer's Volatility Index (SVI) is at 41%, indicating that near-term option traders are expecting low volatility [3]