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News

What the Options Market Tells Us About American Airlines Gr

Author: Benzinga Insights | June 14, 2024 01:16pm

Investors with a lot of money to spend have taken a bullish stance on American Airlines Gr (NASDAQ:AAL).

And retail traders should know.

We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with AAL, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 14 uncommon options trades for American Airlines Gr.

This isn't normal.

The overall sentiment of these big-money traders is split between 42% bullish and 42%, bearish.

Out of all of the special options we uncovered, 9 are puts, for a total amount of $1,578,928, and 5 are calls, for a total amount of $274,787.

What's The Price Target?

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $10.0 to $25.0 for American Airlines Gr over the recent three months.

Volume & Open Interest Trends

In today's trading context, the average open interest for options of American Airlines Gr stands at 16998.33, with a total volume reaching 7,163.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in American Airlines Gr, situated within the strike price corridor from $10.0 to $25.0, throughout the last 30 days.

American Airlines Gr Call and Put Volume: 30-Day Overview

Options Call Chart

Noteworthy Options Activity:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
AAL PUT TRADE BEARISH 06/20/25 $0.98 $0.93 $0.96 $10.00 $720.0K 61.1K 0
AAL PUT TRADE BEARISH 01/16/26 $14.8 $11.5 $13.8 $25.00 $409.8K 3 0
AAL CALL TRADE NEUTRAL 07/26/24 $0.49 $0.47 $0.48 $11.50 $144.0K 180 63
AAL PUT SWEEP BEARISH 06/21/24 $0.42 $0.41 $0.42 $11.50 $112.3K 15.5K 3.3K
AAL PUT TRADE BULLISH 06/21/24 $3.95 $3.6 $3.65 $15.00 $109.5K 8.2K 0

About American Airlines Gr

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

Having examined the options trading patterns of American Airlines Gr, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

American Airlines Gr's Current Market Status

  • Currently trading with a volume of 24,510,086, the AAL's price is down by -2.75%, now at $11.13.
  • RSI readings suggest the stock is currently may be oversold.
  • Anticipated earnings release is in 34 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