Check Out What Whales Are Doing With AAL

Someone with a lot of money to spend has taken a bearish stance on American Airlines Group AAL.

And retail traders should know.

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 this whale just did?

Today, Benzinga's options scanner spotted 10 uncommon options trades for American Airlines Group.

This isn't normal.

The overall sentiment of these big-money traders is split between 30% bullish and 70%, bearish.

Out of all of the special options we uncovered, 3 are puts, for a total amount of $533,834, and 7 are calls, for a total amount of $328,859.

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 $17.0 to $35.0 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.

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 $17.0 to $35.0 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 06/17/22 $18.00 $244.6K 41.8K 1.3K
AAL PUT TRADE BEARISH 05/20/22 $35.00 $144.8K 5 165
AAL PUT TRADE BULLISH 05/20/22 $35.00 $144.4K 5 85
AAL CALL SWEEP BEARISH 06/17/22 $18.00 $77.3K 18.5K 4.2K
AAL CALL SWEEP BEARISH 06/17/22 $18.00 $69.1K 18.5K 2.0K

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
AAL PUT SWEEP BULLISH 06/17/22 $18.00 $244.6K 41.8K 1.3K
AAL PUT TRADE BEARISH 05/20/22 $35.00 $144.8K 5 165
AAL PUT TRADE BULLISH 05/20/22 $35.00 $144.4K 5 85
AAL CALL SWEEP BEARISH 06/17/22 $18.00 $77.3K 18.5K 4.2K
AAL CALL SWEEP BEARISH 06/17/22 $18.00 $69.1K 18.5K 2.0K

Where Is American Airlines Group Standing Right Now?

  • With a volume of 13,489,109, the price of AAL is up 0.9% at $16.73.
  • RSI indicators hint that the underlying stock may be approaching oversold.
  • Next earnings are expected to be released in 66 days.

What The Experts Say On American Airlines Group:

  • Deutsche Bank has decided to maintain their Buy rating on American Airlines Group, which currently sits at a price target of $25.
  • Barclays has decided to maintain their Underweight rating on American Airlines Group, which currently sits at a price target of $20.
  • JP Morgan upgraded its action to Neutral with a price target of $26
  • Argus Research upgraded its action to Buy with a price target of $24
  • Morgan Stanley has decided to maintain their Equal-Weight rating on American Airlines Group, which currently sits at a price target of $22.

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 {d[company_name]}, Benzinga Progives you real-time options trades alerts.

Posted In: BZI-UOAOptionsMarkets