So what does that do to profit sharing?

$72M toward PS

With a very conservative forward P/E of ten and estimated earnings of $5 share, that puts the stock around $50, conservatively. I have given up on it dipping back into the twenties. I figure all the insider trading was the exec team cashing out stock awards to pay taxes. Could see $120 share on the next bull run.

My .02, DYODD

Buying the dip. The fact that it was mentioned to trim summer sched for reliability and record demand was the warrant. 45-48$/ share seems very realistic based on numbers by EOY.

I think fair value is between $50-$70. Likely will add a small position with 2 year LEAPS

No you won't. Delta's trading policy does not allow trading DAL with options.

Reiterated a 5-6 full year EPS, for reference 2022 was 3.20 EPS.
5-6 would be pretty great and if we hit 7+ as projected in 2024 and beyond that is even more great.

Nor does it permit holding shares of DAL in a margin account. There are lots of restrictions employees aren't aware of.

But are they looking? If you were shorting the stock and intending to do harm, I think that would be different than investing in an upswing. You are correct, the question is are they looking at calls? How much would it cost them to investigate this over 80,000 employees over how many possible brokerage firms out there?

You should try it and let us know.