27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
Deep-pocketed investors have adopted a bearish approach towards American Airlines Gr (NASDAQ:AAL), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in AAL usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 17 extraordinary options activities for American Airlines Gr. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 35% leaning bullish and 52% bearish. Among these notable options, 8 are puts, totaling $617,171, and 9 are calls, amounting to $626,686.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $11.0 to $20.0 for American Airlines Gr over the last 3 months.
Insights into Volume & Open Interest
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 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 activity within a strike price range from $11.0 to $20.0 in the last 30 days.
American Airlines Gr 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| AAL | PUT | SWEEP | BULLISH | 12/19/25 | $4.1 | $4.05 | $4.05 | $17.00 | $243.0K | 6.4K | 600 |
| AAL | CALL | SWEEP | BEARISH | 05/17/24 | $0.48 | $0.47 | $0.47 | $14.00 | $235.5K | 16.8K | 5.5K |
| AAL | PUT | SWEEP | BULLISH | 06/21/24 | $0.36 | $0.34 | $0.34 | $13.00 | $170.0K | 87.1K | 5.5K |
| AAL | CALL | SWEEP | BEARISH | 06/21/24 | $0.79 | $0.77 | $0.77 | $14.00 | $77.0K | 10.3K | 375 |
| AAL | PUT | SWEEP | BULLISH | 09/20/24 | $0.3 | $0.29 | $0.29 | $11.00 | $64.3K | 23.3K | 39 |
About American Airlines Gr
American Airlines is the world's largest airline by aircraft, capacity, and scheduled revenue passenger miles. Its major U.S. hubs are Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington, D.C. It generates over 30% of U.S. airline revenue connecting Latin America with destinations in the United States. After completing a major fleet renewal, the company has the youngest fleet of U.S. legacy carriers.
Having examined the options trading patterns of American Airlines Gr, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Present Market Standing of American Airlines Gr
- Currently trading with a volume of 27,922,301, the AAL's price is up by 0.72%, now at $13.98.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 80 days.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for American Airlines Gr with Benzinga Pro for real-time alerts.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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!