Investors with a lot of money to spend have taken a bearish stance on Air Lease AL.
And retail traders should know.
We noticed this today when the positions 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 AL, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 9 options trades for Air Lease.
This isn't normal.
The overall sentiment of these big-money traders is split between 22% bullish and 77%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $48,853, and 8, calls, for a total amount of $780,100.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $40.0 and $45.0 for Air Lease, spanning the last three months.
Insights into Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Air Lease's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Air Lease's whale activity within a strike price range from $40.0 to $45.0 in the last 30 days.
Air Lease Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| AL | CALL | SWEEP | BEARISH | 04/19/24 | $40.00 | $238.7K | 213 | 500 |
| AL | CALL | SWEEP | NEUTRAL | 04/19/24 | $45.00 | $122.2K | 614 | 990 |
| AL | CALL | SWEEP | BEARISH | 04/19/24 | $40.00 | $111.3K | 213 | 159 |
| AL | CALL | SWEEP | BEARISH | 04/19/24 | $45.00 | $107.7K | 614 | 1.6K |
| AL | CALL | SWEEP | BEARISH | 04/19/24 | $45.00 | $100.2K | 614 | 501 |
About Air Lease
Air Lease Corp is an aircraft leasing company based in the United States. However, it derives its revenue from the Asia region. Its business involves purchasing aircraft from renowned manufacturers such as The Boeing Company (Boeing) and Airbus S.A.S and leasing them to airline companies across the world. Its suite of aircraft entails single-aisle narrow-bodied jets and twin-aisle wide-bodied aircraft. The company earns from revenue originates from the renting of flight equipment. Geographically it operates in Asia Pacific, Europe, The Middle East and Africa, Central America, South America and Mexico and U.S. and Canada.
Having examined the options trading patterns of Air Lease, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Air Lease's Current Market Status
- With a trading volume of 1,221,655, the price of AL is down by 0.0%, reaching $45.57.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 47 days from now.
What The Experts Say On Air Lease
In the last month, 1 experts released ratings on this stock with an average target price of $55.0.
- An analyst from BMO Capital persists with their Outperform rating on Air Lease, maintaining a target price of $55.
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 Air Lease, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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