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.
A whale with a lot of money to spend has taken a noticeably bullish stance on American Airlines Group.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
Looking at options history for American Airlines Group (NASDAQ:AAL) we detected 12 strange trades.
If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 50% with bearish.
From the overall spotted trades, 7 are puts, for a total amount of $881,725 and 5, calls, for a total amount of $465,498.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $12.0 to $20.0 for American Airlines Group over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for American Airlines Group's options for a given strike price.
Want Private Access to Benzinga Analyst?
Check out the latest strategies our team of experts are using every week so that you can always adapt to the market like the pros!—Get FULL Access to This Week's Webinar Here.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of American Airlines Group's whale activity within a strike price range from $12.0 to $20.0 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 | PUT | SWEEP | BULLISH | 08/19/22 | $18.00 | $385.2K | 7.9K | 1.5K |
| AAL | CALL | SWEEP | BEARISH | 09/16/22 | $16.00 | $269.8K | 19.1K | 5.2K |
| AAL | PUT | TRADE | BULLISH | 09/30/22 | $13.50 | $164.0K | 64 | 4.0K |
| AAL | PUT | TRADE | BULLISH | 09/02/22 | $18.50 | $120.7K | 600 | 800 |
| AAL | PUT | SWEEP | BULLISH | 01/20/23 | $15.00 | $79.8K | 59.9K | 452 |
Where Is American Airlines Group Standing Right Now?
- With a volume of 11,816,474, the price of AAL is up 1.34% at $15.54.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 65 days.
What The Experts Say On American Airlines Group:
- Citigroup has decided to maintain their Neutral rating on American Airlines Group, which currently sits at a price target of $16.
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 want to stay updated on the latest options trades for American Airlines Group, Benzinga Pro gives you real-time options trades alerts.
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.