Investors with a lot of money to spend have taken a bullish stance on American Airlines Group AAL.
And retail traders should know.
We noticed this today when the trades 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.
Today, Benzinga's options scanner spotted 10 options trades for American Airlines Group.
This isn't normal.
The overall sentiment of these big-money traders is split between 70% bullish and 30%, bearish.
Out of all of the options we uncovered, 9 are puts, for a total amount of $658,969, and there was 1 call, for a total amount of $39,000.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $8.0 to $25.0 for American Airlines Group during the past quarter.
Volume & Open Interest Trends
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for American Airlines Group's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across American Airlines Group's significant trades, within a strike price range of $8.0 to $25.0, over the past month.
American Airlines Group 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| AAL | PUT | TRADE | BEARISH | 01/19/24 | $25.00 | $309.8K | 57 | 0 |
| AAL | PUT | SWEEP | BULLISH | 06/21/24 | $10.00 | $67.0K | 68.6K | 3 |
| AAL | PUT | SWEEP | BULLISH | 06/20/25 | $8.00 | $66.6K | 9.8K | 144 |
| AAL | PUT | SWEEP | BULLISH | 02/16/24 | $12.00 | $51.7K | 37.0K | 28 |
| AAL | PUT | SWEEP | BULLISH | 01/17/25 | $8.00 | $42.1K | 75.9K | 10 |
About American Airlines Group
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.
Following our analysis of the options activities associated with American Airlines Group, we pivot to a closer look at the company's own performance.
American Airlines Group's Current Market Status
- With a trading volume of 11,205,285, the price of AAL is down by -0.41%, reaching $12.24.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 66 days from now.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest American Airlines Group options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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