Investors with significant funds have taken a bearish position in American Airlines Gr AAL, a development that retail traders should be aware of.
This was brought to our attention today through our monitoring of publicly accessible options data at Benzinga. The exact nature of these investors remains a mystery, but such a major move in AAL usually indicates foreknowledge of upcoming events.
Today, Benzinga's options scanner identified 9 options transactions for American Airlines Gr. This is an unusual occurrence. The sentiment among these large-scale traders is mixed, with 22% being bullish and 77% bearish. Of all the options we discovered, 8 are puts, valued at $1,169,464, and there was a single call, worth $73,500.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $11.5 to $25.0 for American Airlines Gr during the past quarter.
Insights into Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for American Airlines Gr'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 American Airlines Gr's whale trades within a strike price range from $11.5 to $25.0 in the last 30 days.
American Airlines Gr Option Activity Analysis: Last 30 Days
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 | 11/15/24 | $0.75 | $0.71 | $0.75 | $12.00 | $509.1K | 9.3K | 7.2K |
| AAL | PUT | TRADE | BULLISH | 01/17/25 | $11.05 | $11.0 | $11.0 | $25.00 | $330.0K | 0 | 300 |
| AAL | PUT | SWEEP | BEARISH | 05/17/24 | $2.99 | $2.98 | $2.99 | $17.00 | $104.0K | 264 | 329 |
| AAL | CALL | SWEEP | BEARISH | 05/17/24 | $2.49 | $2.45 | $2.45 | $11.50 | $73.5K | 10 | 10 |
| AAL | PUT | SWEEP | BULLISH | 01/16/26 | $6.35 | $6.25 | $6.25 | $20.00 | $71.2K | 944 | 10 |
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.
American Airlines Gr's Current Market Status
- Trading volume stands at 9,814,905, with AAL's price up by 0.07%, positioned at $13.87.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 76 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
