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Behind the Scenes of American Airlines Gr's Latest Options Trends

Author: Benzinga Insights | April 24, 2024 12:31pm

Whales with a lot of money to spend have taken a noticeably bearish stance on American Airlines Gr.

Looking at options history for American Airlines Gr (NASDAQ:AAL) we detected 11 trades.

If we consider the specifics of each trade, it is accurate to state that 36% of the investors opened trades with bullish expectations and 54% with bearish.

From the overall spotted trades, 6 are puts, for a total amount of $726,530 and 5, calls, for a total amount of $500,960.

Expected Price Movements

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $12.0 to $25.0 for American Airlines Gr over the last 3 months.

Insights into Volume & Open Interest

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for American Airlines Gr's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across American Airlines Gr's significant trades, within a strike price range of $12.0 to $25.0, over the past month.

American Airlines Gr Option Activity Analysis: Last 30 Days

Options Call Chart

Largest Options Trades Observed:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
AAL PUT SWEEP BEARISH 01/17/25 $10.85 $10.3 $10.8 $25.00 $324.0K 0 0
AAL CALL TRADE BEARISH 09/20/24 $0.55 $0.52 $0.53 $17.00 $265.0K 2.8K 5.0K
AAL PUT TRADE BULLISH 01/17/25 $0.88 $0.84 $0.84 $12.00 $210.0K 77.0K 2.5K
AAL PUT TRADE NEUTRAL 04/26/24 $0.38 $0.36 $0.37 $14.00 $92.5K 4.3K 2.5K
AAL CALL SWEEP BEARISH 07/19/24 $0.88 $0.86 $0.86 $15.00 $64.5K 492 751

About American Airlines Gr

American Airlines is the world's largest airline by aircraft, capacity, and scheduled revenue passenger miles. Its major U.S. hubs are Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington, D.C. It generates over 30% of U.S. airline revenue connecting Latin America with destinations in the United States. After completing a major fleet renewal, the company has the youngest fleet of U.S. legacy carriers.

In light of the recent options history for American Airlines Gr, it's now appropriate to focus on the company itself. We aim to explore its current performance.

American Airlines Gr's Current Market Status

  • Currently trading with a volume of 14,794,287, the AAL's price is down by -1.9%, now at $13.96.
  • RSI readings suggest the stock is currently may be approaching oversold.
  • Anticipated earnings release is in 1 days.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for American Airlines Gr, Benzinga Pro gives you real-time options trades alerts.

Posted In: AAL

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