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News

Smart Money Is Betting Big In AAL Options

Author: Benzinga Insights | July 02, 2024 12:16pm

Investors with a lot of money to spend have taken a bearish 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 9 uncommon options trades for American Airlines Gr.

This isn't normal.

The overall sentiment of these big-money traders is split between 22% bullish and 55%, bearish.

Out of all of the special options we uncovered, 7 are puts, for a total amount of $578,577, and 2 are calls, for a total amount of $114,896.

Predicted Price Range

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $5.0 to $15.0 for American Airlines Gr over the recent three months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for American Airlines Gr options trades today is 34243.17 with a total volume of 7,686.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for American Airlines Gr's big money trades within a strike price range of $5.0 to $15.0 over the last 30 days.

American Airlines Gr 30-Day Option Volume & Interest Snapshot

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 NEUTRAL 06/20/25 $0.15 $0.07 $0.11 $5.00 $165.0K 133.9K 65
AAL PUT SWEEP BEARISH 07/18/25 $4.25 $4.2 $4.25 $15.00 $111.3K 1.9K 162
AAL PUT SWEEP BEARISH 07/18/25 $4.25 $4.15 $4.25 $15.00 $102.8K 1.9K 463
AAL CALL SWEEP BULLISH 07/12/24 $0.31 $0.29 $0.3 $11.00 $69.5K 4.9K 6.7K
AAL PUT SWEEP BEARISH 11/15/24 $3.2 $3.15 $3.15 $14.00 $62.6K 16.3K 137

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.

After a thorough review of the options trading surrounding American Airlines Gr, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Present Market Standing of American Airlines Gr

  • Currently trading with a volume of 9,781,315, the AAL's price is down by -0.5%, now at $10.98.
  • RSI readings suggest the stock is currently may be approaching oversold.
  • Anticipated earnings release is in 16 days.

What The Experts Say On American Airlines Gr

1 market experts have recently issued ratings for this stock, with a consensus target price of $18.0.

  • Consistent in their evaluation, an analyst from Morgan Stanley keeps a Overweight rating on American Airlines Gr with a target price of $18.

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