Investors with a lot of money to spend have taken a bearish stance on American Airlines Gr AAL.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with AAL, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 8 options trades for American Airlines Gr.
This isn't normal.
The overall sentiment of these big-money traders is split between 37% bullish and 62%, bearish.
Out of all of the options we uncovered, 7 are puts, for a total amount of $1,722,300, and there was 1 call, for a total amount of $63,000.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $8.0 to $25.0 for American Airlines Gr during the past quarter.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of American Airlines Gr stands at 7650.43, with a total volume reaching 23,794.00. 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 $8.0 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 | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| AAL | PUT | SWEEP | BEARISH | 08/16/24 | $0.33 | $0.31 | $0.33 | $11.00 | $594.0K | 6.8K | 18.0K |
| AAL | PUT | TRADE | NEUTRAL | 01/17/25 | $11.2 | $11.1 | $11.15 | $25.00 | $334.5K | 0 | 300 |
| AAL | PUT | SWEEP | BULLISH | 09/20/24 | $1.42 | $1.38 | $1.38 | $14.00 | $207.0K | 4.0K | 1.5K |
| AAL | PUT | TRADE | BULLISH | 07/18/25 | $1.38 | $1.33 | $1.35 | $12.00 | $202.5K | 9.3K | 0 |
| AAL | PUT | TRADE | BEARISH | 05/17/24 | $0.84 | $0.81 | $0.84 | $14.00 | $168.0K | 11.6K | 2.0K |
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 volume of 13,827,700, the price of AAL is down 0.0% at $13.83.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 20 days.
What The Experts Say On 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 $19.0.
- Reflecting concerns, an analyst from UBS lowers its rating to Buy with a new price target of $19.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest American Airlines Gr options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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