Trader Bets on Short Term Upside in AMR

Shares of AMR Corp AMR are higher on the session by 0.84%, currently trading $7.22. The stock has been cascading lower for the past three months and is now is full-on bear territory. The stock is trading below both the 50-day and 200-daymoving averages. Options action in AMR Corp. suggests that the stock may make a short-term pop, though, given that the May $8 call was purchased on the offer over 10,000 times this morning. Open interest on the strike is 27,445 contracts.