Investors with a lot of money to spend have taken a bearish stance on American Airlines Gr (NASDAQ: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 these are institutions or just wealthy individuals, we don't know. But when something this big happens with AAL, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 8 uncommon options trades for American Airlines Gr.
This isn't normal.
The overall sentiment of these big-money traders is split between 25% bullish and 62%, bearish.
Out of all of the special options we uncovered, 6 are puts, for a total amount of $1,037,522, and 2 are calls, for a total amount of $90,360.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $9.0 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 13524.71, with a total volume reaching 3,188.00. 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 $9.0 to $25.0, throughout the last 30 days.
American Airlines Gr Call and Put Volume: 30-Day Overview
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 | $13.85 | $13.75 | $13.8 | $25.00 | $409.8K | 3 | 0 |
AAL | PUT | TRADE | BEARISH | 07/26/24 | $0.41 | $0.39 | $0.41 | $11.00 | $318.2K | 3.8K | 2.4K |
AAL | PUT | SWEEP | BEARISH | 09/20/24 | $0.14 | $0.12 | $0.14 | $9.00 | $140.0K | 59.2K | 7 |
AAL | PUT | SWEEP | BEARISH | 07/26/24 | $0.41 | $0.4 | $0.4 | $11.00 | $89.5K | 3.8K | 220 |
AAL | CALL | TRADE | BEARISH | 07/12/24 | $0.38 | $0.37 | $0.37 | $11.00 | $47.3K | 309 | 77 |
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.
American Airlines Gr's Current Market Status
With a volume of 16,155,838, the price of AAL is down -2.25% at $11.07.
RSI indicators hint that the underlying stock may be approaching oversold.
Next earnings are expected to be released in 17 days.
Expert Opinions on American Airlines Gr
1 market experts have recently issued ratings for this stock, with a consensus target price of $18.0.
Consistent in their evaluation, an analyst from Morgan Stanley keeps a Overweight rating on American Airlines Gr with a target price of $18.
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.