Airlines stocks outperformed the broader markets, with shares of American Airlines Group Inc AAL recording gains on Thursday.
The company’s stock gained around 24% year-to-date.
On CNBC’s "Options Action," Mike Khouw of Optimize Advisors said American Airlines traded at 2.3x average daily call volume on Thursday.
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There was a buyer of 35,000 of the April 17-calls at an average price of $0.64 per contract, Khouw mentioned.
The trader expects American Airlines stock to spike at least 11% by April expiration.
Price Action: American Airlines shares gained 2% to close at $15.87 on Thursday.
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