Delta Air Lines Inc (NYSE:DAL) and its sector peers received a substantial demand boost during the midweek session as progress on a U.S. government shutdown deal points to a potential alleviation of disruptions in the air travel space. However, the real news for data-driven options traders is that DAL stock briefly flashed a rare quantitative signal, implying a positive outlook for the carrier.
On the fundamental front, most of the attention has been paid to the framework paving the way to reopen the government through Jan. 30 after weeks of political stalemate. At the core of the dispute were healthcare subsidies, which have long been a contentious rallying cry in Washington. Without an agreement at the time, the deadlock disrupted essential services throughout the country, including the transportation sector.
