Land A Return From Delta Air Lines Stock — Any Which Way It Travels

Delta Air Lines (DAL) stock is currently trading with a very low implied volatility rank, meaning options are cheap compared to the last 12 months. That could mean it's a good time to look at a breakout trade such as a long strangle. A long strangle is constructed through buying an out-of-the-money call and an out-of-the-money put. The trade aims…