Looking At American Airlines Gr's Recent Unusual Options Activity

Deep-pocketed investors have adopted a bearish approach towards American Airlines Gr 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 8 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 37% leaning bullish and 62% bearish. Among these notable options, 5 are puts, totaling $731,736, and 3 are calls, amounting to $151,709.

What's The Price Target?

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $10.0 to $25.0 for American Airlines Gr during the past quarter.

Analyzing Volume & Open Interest

In today's trading context, the average open interest for options of American Airlines Gr stands at 15601.0, with a total volume reaching 19,812.00. 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 $10.0 to $25.0, throughout the last 30 days.

American Airlines Gr 30-Day Option Volume & Interest Snapshot

Largest Options Trades Observed:

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.

In light of the recent options history for American Airlines Gr, it's now appropriate to focus on the company itself. We aim to explore its current performance.

American Airlines Gr's Current Market Status

• With a volume of 11,386,242, the price of AAL is up 0.14% at $13.98.
• RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
• Next earnings are expected to be released in 38 days.

Professional Analyst Ratings for American Airlines Gr

2 market experts have recently issued ratings for this stock, with a consensus target price of $20.5.

• An analyst from Bernstein persists with their Outperform rating on American Airlines Gr, maintaining a target price of $21.
• Consistent in their evaluation, an analyst from Morgan Stanley keeps a Overweight rating on American Airlines Gr with a target price of $20.

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 Gr, Benzinga Pro gives you real-time options trades alerts.