Puts Purchased on AMR Corporation

Shares of AMR Corporation AMR are lower on the session by 0.20%, currently trading at $6.01. The stock has been moving largely lower over the past five months and is currently trading below the 200-day moving average. Options traders are buying puts on the name today. A short while ago the January 2012 $4.00 put was purchased 40,000 times, on the offer, on open interest of 3,663 contracts. Overall put volume is now running at 5.77x the daily average with 93% of all puts traded being purchases on the offer. AMR Corporation operates in the airline industry. The company's principal subsidiary is American Airlines, Inc. As of December 31, 2010, American provided scheduled jet service to approximately 160 destinations throughout North America, the Caribbean, Latin America, Europe and Asia. AMR Eagle Holding Corporation, a wholly owned subsidiary of AMR, owns two regional airlines, which do business as American Eagle - American Eagle Airlines, Inc. and Executive Airlines, Inc.