Airline stocks rise despite Iran conflict; options hint at volatile moves ahead of Delta earnings.

Despite President Trump's statement that the ceasefire with Iran is over, airline stocks have risen 10% since the conflict began, even as crude oil prices initially surged then fell back. The U.S. Global Jets ETF recently dropped 4% but remains up overall. Options trading shows heavy put-buying in airlines and call-buying in oil, signaling expectations of price swings. Investors await Delta Airlines' earnings report, with options suggesting a significant stock move post-earnings amid strong travel demand and input cost concerns.