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Someone with a lot of money to spend (and possibly insider knowledge) has taken an unusually bullish stance on American Airlines Group.
And retail traders should know.
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We noticed this today when the big position 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.
So how do we know what the Smart Money just did?
Today, Benzinga's options scanner spotted 11 uncommon options trades for American Airlines Group (NASDAQ:AAL).
This isn't normal.
The overall sentiment of these big-money traders is split between 72.73% bullish and 27.27%, bearish.
Out of all of the special options we uncovered, there was 1 put, for a total amount of $89,500, and there was 1 call, for a total amount of $738,683.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that the smart money is targeting a price range from $20.0 to $23.5 for American Airlines Group in the over the last 3 months.
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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 Group'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 Group's smart money trades within a strike price range from $20.0 to $23.5 in the last 30 days.
American Airlines Group Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| AAL | CALL | SWEEP | BULLISH | 12/17/21 | $20.00 | $122.9K | 18.7K | 1.6K |
| AAL | CALL | TRADE | BULLISH | 01/21/22 | $20.00 | $139.0K | 29.8K | 569 |
| AAL | CALL | SWEEP | BULLISH | 12/17/21 | $20.00 | $94.9K | 18.7K | 1.0K |
| AAL | CALL | TRADE | BEARISH | 09/24/21 | $20.50 | $38.9K | 9.7K | 1.9K |
| AAL | CALL | TRADE | BULLISH | 10/22/21 | $23.50 | $71.8K | 2.0K | 3.5K |
Where Is American Airlines Group Standing Right Now?
- With a volume of 4,729,653, the price of AAL is up 2.35% over the last 24 hours at $21.0.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 28 days.
What The Experts Say On American Airlines Group:
- Morgan Stanley has decided to maintain their Underweight rating on American Airlines Group, which currently sits at a price target of $23.0.
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 are already an options trader or would like to get started, head on over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.