Check Out What Whales Are Doing With American Airlines

Check Out What Whales Are Doing With American Airlines

 

A whale with a lot of money to spend has taken a noticeably bullish stance on American Airlines Group.

Looking at options history for American Airlines Group 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.

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.

Posted In: BZI-UOAOptionsMarkets