Investors with significant funds have taken a bullish position in American Airlines Gr (NASDAQ:AAL), a development that retail traders should be aware of.
This was brought to our attention today through our monitoring of publicly accessible options data at Benzinga. The exact nature of these investors remains a mystery, but such a major move in AAL usually indicates foreknowledge of upcoming events.
Today, Benzinga's options scanner identified 9 options transactions for American Airlines Gr. This is an unusual occurrence. The sentiment among these large-scale traders is mixed, with 55% being bullish and 33% bearish. Of all the options we discovered, 8 are puts, valued at $970,423, and there was a single call, worth $25,350.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $3.0 to $25.0 for American Airlines Gr over the recent three months.
Volume & Open Interest Development
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for American Airlines Gr's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of American Airlines Gr's whale trades within a strike price range from $3.0 to $25.0 in the last 30 days.
American Airlines Gr 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
AAL | PUT | TRADE | NEUTRAL | 01/16/26 | $13.65 | $13.55 | $13.6 | $25.00 | $403.9K | 3 | 0 |
AAL | PUT | TRADE | BULLISH | 08/02/24 | $0.28 | $0.25 | $0.26 | $10.50 | $156.0K | 17 | 13 |
AAL | PUT | TRADE | BULLISH | 01/17/25 | $0.64 | $0.6 | $0.6 | $10.00 | $150.0K | 90.3K | 106 |
AAL | PUT | TRADE | BULLISH | 03/21/25 | $0.78 | $0.72 | $0.73 | $10.00 | $91.2K | 28.8K | 8 |
AAL | PUT | TRADE | BEARISH | 06/21/24 | $0.25 | $0.22 | $0.24 | $11.50 | $48.0K | 18.0K | 284 |
About American Airlines Gr
American Airlines is the world's largest airline by aircraft, capacity, and scheduled revenue passenger miles. Its major US hubs are Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington, D.C. It generates over 30% of US airline revenue connecting Latin America with destinations in the United States. After completing a major fleet renewal, the company has the youngest fleet of US 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 11,857,152, the price of AAL is down -0.74% at $11.36.
RSI indicators hint that the underlying stock may be oversold.
Next earnings are expected to be released in 30 days.
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.