Traders Look For AirTran To Fly (AAI)

Shares of AirTran Holdings, Inc. AAI are higher on the session by 0.45%, currently trading at $4.49. The stock has been moving largely lower over the past six months, remaining below the 50-day moving average for the past three and a half months. $4.00 has been support in the past. Options traders are buying calls on the airline today. Though action has been primarily in small lots, total call volume is currently running at 5.01x the daily average with 94% of all calls traded being purchases on the offer. Traders are buying the $5.00 strike in multiple months. AirTran Holdings, Inc. conducts all of its flight operations through its wholly owned subsidiary, AirTran Airways, Inc. The company operates scheduled airline service throughout the United States and to selected international locations. Approximately half of its flights originate or terminate at its hub in Atlanta, Georgia and it serves a number of markets with non-stop service from its focus cities of Baltimore, Maryland, Milwaukee, Wisconsin and Orlando, Florida. For more great research like this, as well as how to play it through options…please visit Benzinga's Options & Volatility Edge and Benzinga's Cash Generator.