What the Options Market Tells Us About Alaska Air Gr

Deep-pocketed investors have adopted a bearish approach towards Alaska Air Gr ALK, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in ALK usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 15 extraordinary options activities for Alaska Air Gr. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 33% leaning bullish and 53% bearish. Among these notable options, 2 are puts, totaling $73,460, and 13 are calls, amounting to $2,267,148.

What's The Price Target?

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $57.5 to $80.0 for Alaska Air Gr over the recent three months.

Volume & Open Interest Trends

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Alaska Air Gr's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Alaska Air Gr's significant trades, within a strike price range of $57.5 to $80.0, over the past month.

Alaska Air Gr Option Activity Analysis: Last 30 Days

Biggest Options Spotted:

About Alaska Air Gr

Alaska Air Group Inc operates two airlines, Alaska and Horizon in three operating segments. The Alaska Airlines segment includes scheduled air transportation on Alaska's Boeing and Airbus jet aircraft for passengers and cargo throughout the U.S., and in parts of Mexico, and Costa Rica. The Regional segment includes Horizon's and other third-party carriers' scheduled air transportation for passengers across a shorter distance network within the U.S. and Canada under capacity purchase agreements (CPA). The Hawaiian Airlines segment includes scheduled air transportation on Hawaiian's Boeing and Airbus aircraft for passengers and cargo. It earns revenues from Passenger tickets, including ticket breakage and net of taxes and fees, Passenger ancillary and Mileage Plan passenger revenue.

Following our analysis of the options activities associated with Alaska Air Gr, we pivot to a closer look at the company's own performance.

Where Is Alaska Air Gr Standing Right Now?

• Trading volume stands at 1,700,567, with ALK's price down by -8.15%, positioned at $55.7.
• RSI indicators show the stock to be may be oversold.
• Earnings announcement expected in 38 days.

What The Experts Say On Alaska Air Gr

A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $89.0.

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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.

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