Financial giants have made a conspicuous bullish move on American Airlines Gr. Our analysis of options history for American Airlines Gr AAL revealed 9 unusual trades.
Delving into the details, we found 66% of traders were bullish, while 33% showed bearish tendencies. Out of all the trades we spotted, 7 were puts, with a value of $754,990, and 2 were calls, valued at $56,024.
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 $12.0 to $25.0 for American Airlines Gr over the last 3 months.
Volume & Open Interest Development
In today's trading context, the average open interest for options of American Airlines Gr stands at 5562.38, with a total volume reaching 4,191.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in American Airlines Gr, situated within the strike price corridor from $12.0 to $25.0, throughout the last 30 days.
American Airlines Gr Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| AAL | PUT | TRADE | NEUTRAL | 01/17/25 | $25.00 | $289.5K | 0 | 300 |
| AAL | PUT | SWEEP | BEARISH | 06/18/26 | $12.00 | $145.8K | 1.4K | 900 |
| AAL | PUT | SWEEP | BULLISH | 12/19/25 | $22.00 | $106.7K | 52 | 168 |
| AAL | PUT | SWEEP | BULLISH | 01/16/26 | $22.00 | $105.4K | 3 | 188 |
| AAL | PUT | SWEEP | BULLISH | 01/16/26 | $17.00 | $47.9K | 1.4K | 243 |
About American Airlines Gr
American Airlines is the world's largest airline by aircraft, capacity, and scheduled revenue passenger miles. Its major U.S. hubs are Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington, D.C. It generates over 30% of U.S. airline revenue connecting Latin America with destinations in the United States. After completing a major fleet renewal, the company has the youngest fleet of U.S. legacy carriers.
Following our analysis of the options activities associated with American Airlines Gr, we pivot to a closer look at the company's own performance.
Where Is American Airlines Gr Standing Right Now?
- With a trading volume of 8,441,887, the price of AAL is up by 0.07%, reaching $15.14.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 59 days from now.
Professional Analyst Ratings for American Airlines 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 $20.0.
- An analyst from Citigroup upgraded its action to Buy with a price target of $20.
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 Gr, 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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