A whale with a lot of money to spend has taken a noticeably bullish stance on American Airlines Group.
Looking at options history for American Airlines Group AAL we detected 11 strange trades.
If we consider the specifics of each trade, it is accurate to state that 72% of the investors opened trades with bullish expectations and 27% with bearish.
From the overall spotted trades, 6 are puts, for a total amount of $994,858 and 5, calls, for a total amount of $258,090.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $8.0 to $17.0 for American Airlines Group over the last 3 months.
Volume & Open Interest Development
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 Group'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 Group's whale trades within a strike price range from $8.0 to $17.0 in the last 30 days.
American Airlines Group Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| AAL | PUT | TRADE | NEUTRAL | 06/20/25 | $8.00 | $410.0K | 9.8K | 5.0K |
| AAL | PUT | SWEEP | BULLISH | 11/17/23 | $12.00 | $183.5K | 33.5K | 80 |
| AAL | PUT | SWEEP | BULLISH | 02/16/24 | $15.00 | $149.7K | 8.6K | 1.0K |
| AAL | PUT | SWEEP | BULLISH | 01/19/24 | $13.00 | $102.0K | 82.9K | 714 |
| AAL | PUT | SWEEP | BULLISH | 02/16/24 | $15.00 | $87.5K | 8.6K | 384 |
Where Is American Airlines Group Standing Right Now?
- With a volume of 34,918,137, the price of AAL is up 2.46% at $12.92.
- RSI indicators hint that the underlying stock may be oversold.
- Next earnings are expected to be released in 21 days.
What The Experts Say On American Airlines Group:
- Bernstein has decided to maintain their Outperform rating on American Airlines Group, which currently sits at a price target of $23.
- Exane BNP Paribas upgraded its action to Outperform with a price target of $20
- Citigroup has decided to maintain their Neutral rating on American Airlines Group, which currently sits at a price target of $15.
- Berenberg has decided to maintain their Outperform rating on American Airlines Group, which currently sits at a price target of $23.
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 Group, 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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