A whale with a lot of money to spend has taken a noticeably bearish stance on American Airlines Group.
Looking at options history for American Airlines Group AAL we detected 10 strange trades.
If we consider the specifics of each trade, it is accurate to state that 40% of the investors opened trades with bullish expectations and 60% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $1,035,926 and 7, calls, for a total amount of $669,992.
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 $13.0 to $20.0 for American Airlines Group over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for American Airlines Group options trades today is 23999.2 with a total volume of 14,342.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for American Airlines Group's big money trades within a strike price range of $13.0 to $20.0 over 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 | BULLISH | 01/19/24 | $15.00 | $680.0K | 17.0K | 2.0K |
| AAL | PUT | TRADE | NEUTRAL | 06/17/22 | $13.00 | $322.5K | 94.0K | 7.6K |
| AAL | CALL | SWEEP | NEUTRAL | 08/19/22 | $13.00 | $318.5K | 882 | 700 |
| AAL | CALL | TRADE | BULLISH | 05/13/22 | $17.50 | $90.0K | 79 | 1.0K |
| AAL | CALL | SWEEP | BULLISH | 04/14/22 | $16.00 | $80.2K | 12.3K | 1.1K |
Where Is American Airlines Group Standing Right Now?
- With a volume of 15,336,136, the price of AAL is down -1.35% at $16.72.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 13 days.
What The Experts Say On American Airlines Group:
- Goldman Sachs has decided to maintain their Sell rating on American Airlines Group, which currently sits at a price target of $12.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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