American Airlines Group Whale Trades Spotted

American Airlines Group Whale Trades Spotted

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

Looking at options history for American Airlines Group AAL we detected 43 strange trades.

If we consider the specifics of each trade, it is accurate to state that 23% of the investors opened trades with bullish expectations and 76% with bearish.

From the overall spotted trades, 40 are puts, for a total amount of $6,070,411 and 3, calls, for a total amount of $121,591.

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 $3.0 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 $3.0 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 11/18/22 $15.00 $775.3K 54.6K 2.7K
AAL PUT SWEEP BULLISH 11/18/22 $15.00 $750.0K 54.6K 6.4K
AAL PUT SWEEP BULLISH 11/18/22 $15.00 $713.8K 54.6K 11.3K
AAL PUT SWEEP BULLISH 11/18/22 $15.00 $561.6K 54.6K 5.2K
AAL PUT TRADE BEARISH 01/17/25 $3.00 $499.8K 6 10.2K

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
AAL PUT SWEEP BULLISH 11/18/22 $15.00 $775.3K 54.6K 2.7K
AAL PUT SWEEP BULLISH 11/18/22 $15.00 $750.0K 54.6K 6.4K
AAL PUT SWEEP BULLISH 11/18/22 $15.00 $713.8K 54.6K 11.3K
AAL PUT SWEEP BULLISH 11/18/22 $15.00 $561.6K 54.6K 5.2K
AAL PUT TRADE BEARISH 01/17/25 $3.00 $499.8K 6 10.2K

Where Is American Airlines Group Standing Right Now?

  • With a volume of 16,866,079, the price of AAL is down -1.19% at $12.06.
  • RSI indicators hint that the underlying stock may be approaching oversold.
  • Next earnings are expected to be released in 24 days.

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