Best Options Strategy for DK
Looking for the best options strategy for Delek US Holdings, Inc. (DK)? There is no single answer — the right play depends on your outlook, your risk tolerance and current implied volatility. Below, our free engine shows the highest-scoring defined-risk strategy on the live DK option chain right now, and a simple map from your view on DK to the strategy that fits it. Model any of them in the calculator before you trade.
About DK
Delek US Holdings, Inc. (DK) is a major company in Oil & Gas Refining & Marketing. Options traders on DK tend to watch , since these can drive large moves in the share price.
About Delek US Holdings, Inc.
Delek US Holdings operates an integrated downstream petroleum business through two main divisions. The Refining segment transforms crude oil and other feedstocks into finished products including gasoline, diesel, jet fuel, asphalt, and specialty oils at four refineries located in Texas, Arkansas, and Louisiana. These facilities process raw materials and send output through company-owned terminals and third-party distribution networks. The Logistics segment handles the physical movement and storage of crude oil, natural gas, and refined products across its own pipeline network and storage infrastructure, while also managing specialized services like water handling for clients. Together, the two segments create a vertically integrated operation connecting oil supply to end-market distribution.
The company generates revenue by charging fees for refining crude into saleable products and for transporting, storing, and marketing petroleum materials on behalf of external customers. Its customer base spans major oil companies, independent refiners, fuel distributors, utilities, transportation firms, and retail gas station operators. With four refineries processing crude and an extensive…
Today's top-scoring strategy for DK
Our engine ranks defined-risk strategies on the live DK chain by probability of profit and risk/reward, then surfaces the best-scoring one. It is an educational illustration, not advice.
| Action | Qty | Type | Strike | Premium |
|---|---|---|---|---|
| Buy | 1× | CALL | $95 | $6.83 |
| Sell | 2× | CALL | $100 | $3.82 |
| Buy | 1× | CALL | $105 | $1.87 |
Simulation
Forward simulation of 6,000 lognormal price paths to expiration — not a historical backtest.
Strategy analysis
Greeks vs price
Price × volatility (today)
| −30% | −15% | IV | +15% | +30% | |
|---|---|---|---|---|---|
| $125 | −$105 | −$103 | −$99 | −$94 | −$89 |
| $120 | −$102 | −$96 | −$88 | −$82 | −$77 |
| $115 | −$88 | −$77 | −$69 | −$64 | −$61 |
| $110 | −$50 | −$42 | −$40 | −$41 | −$43 |
| $105 | $10 | −$1 | −$11 | −$20 | −$28 |
| $100 | $42 | $18 | $0 | −$13 | −$23 |
| $95 | $3 | −$7 | −$16 | −$25 | −$32 |
| $90 | −$64 | −$55 | −$52 | −$51 | −$52 |
| $85 | −$98 | −$91 | −$84 | −$78 | −$75 |
| $80 | −$105 | −$103 | −$100 | −$96 | −$92 |
| $75 | −$106 | −$106 | −$105 | −$104 | −$101 |
Illustrative example at DK's latest available price, computed with the same engine as the tool. Live option fills and the real IV skew refresh during US market hours.
Implied volatility
DK typically trades with moderate implied volatility, broadly in line with other large-cap stocks. Implied volatility drives option prices, so it is worth checking the live chain before you trade.
DK insider trading activity (SEC Form 4)
Open-market insider transactions at DK over roughly the last six months, from SEC Form 4 filings. Open-market buys are the rarer, more telling signal — routine selling under pre-arranged plans is common, so read a net-selling figure with that in mind.
| Insider | Action | Shares | Value | Date |
|---|---|---|---|---|
| Sullivan Gary M Jr. | Sell | 27,688 | $1.9M | 2026-08-24 |
| Marcogliese Richard J | Sell | 2,000 | $142K | 2026-08-21 |
| FINNERTY WILLIAM J | Sell | 1,457 | $94K | 2026-08-21 |
| FINNERTY WILLIAM J | Sell | 5,000 | $258K | 2026-06-29 |
| Sutil Vicky | Sell | 1,871 | $90K | 2026-06-03 |
| Sutil Vicky | Sell | 3,061 | $141K | 2026-06-01 |
Source: SEC Form 4 filings via Finnhub. Open-market purchases (P) and sales (S) only — grants, option exercises, gifts and tax withholding are excluded. Informational context, not investment advice.
Earnings & IV crush
DK's next earnings report is due around November 6, 2026. Options that expire after it price in a binary move, so their implied volatility is elevated and usually collapses right after the announcement — an "IV crush". If your expiration falls before this date, the trade sidesteps the event.
Dividend and assignment risk
DK pays a dividend of about 1.4% a year, so short or covered calls on it carry early-assignment risk around each ex-dividend date — in-the-money calls are most exposed just before the stock goes ex-dividend.
Key figures
- Market cap
- $4.6B
- Beta (vs market)
- 0.57
- 52-week range
- $25.85–$77.80
- Short interest
- 11.4% of float · 4.7 days to cover
With 11.4% of DK's float sold short, squeeze and gap risk are elevated — one reason its options can stay expensive.
How to choose an options strategy for DK
Start with your outlook on DK, then match it to a defined-risk structure. Here are the most common choices and when each makes sense:
Bullish
Buy a call for leverage with capped risk, or a bull call spread to lower the cost and breakeven when you have a target price.
Long Call → Bull Call Spread →Bearish
Buy a put to profit from a decline with defined risk, or a bear put spread to cheapen the trade when you expect a measured move down.
Long Put → Bear Put Spread →Neutral
Sell an iron condor to collect premium while DK stays between two strikes, or write a covered call against shares you already own.
Iron Condor → Covered Call →⧉ Embed this free calculator on your site →
How we pick the best strategy
For each ticker we pull the live option chain, build every supported strategy around the at-the-money strikes, and score them on probability of profit, risk/reward and capital efficiency — favouring defined-risk structures where the maximum loss is known up front. Methodology →
Open DK in the free calculator →
Frequently asked questions
What is the best options strategy for DK?
It depends on your outlook. Bullish traders often use a long call or bull call spread on DK; bearish traders a long put or bear put spread; neutral traders an iron condor or covered call. Our live scan above shows the current highest-scoring defined-risk play.
Are DK options liquid enough to trade?
Delek US Holdings, Inc. (DK) is among the most actively-traded US options, which usually means tight bid/ask spreads and plenty of strikes and expirations — though you should always check the open interest and spread on the exact contract.
How much money do I need to trade DK options?
Buying a single DK call or put can cost as little as the premium (often one to a few hundred dollars), while income strategies like a cash-secured put need enough capital to buy 100 shares if assigned.
Is this financial advice?
No. Everything here is educational and uses delayed, third-party data. It is not a recommendation to trade DK or any security. Do your own research.
What does Delek US Holdings, Inc. do?
Delek US Holdings, Inc. (DK) operates in the Oil & Gas Refining & Marketing industry. The "About Delek US Holdings, Inc." section above gives a fuller picture of what the company does and how it earns money.
Does Delek US Holdings, Inc. pay a dividend?
Yes — Delek US Holdings, Inc. currently pays a dividend yielding about 1.4%. If you hold the shares (for example to write a covered call), the ex-dividend date can trigger early assignment, so check it beforehand.
When does Delek US Holdings, Inc. next report earnings?
Delek US Holdings, Inc.'s next earnings are expected around November 6, 2026. Implied volatility usually climbs into the report and drops sharply afterwards (IV crush) — important for any options position held over the date.
Price trend
Tickers related to DK
Comparing DK with similar names can help you choose the best options strategy:
Company information
- Headquarters
- 310 Seven Springs Way, Suite 500, Brentwood, TN, 37027, United States
- Industry
- Oil & Gas Refining & Marketing
- Employees
- 1,902
- CEO
- Mr. Avigal Soreq CPA
- Phone
- 615 771 6701
- Website
- www.delekus.com
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