Bearish flow noted in American Airlines with 40,730 puts trading, or 1.1x expected. Most active are 10/11 weekly 10.5 puts and Sep-24 10 puts, with total volume in those strikes near 26,900 contracts. The Put/Call Ratio is 2.51, while ATM IV is up over 2 points on the day. Earnings are expected on October 24th.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AAL:
- American Airlines call volume above normal and directionally bullish
- Dell Technologies and Palantir Stocks Pop on S&P 500 Inclusion
- S&P announces changes to S&P 400, 600 indexes for quarterly rebalance
- Palantir, Dell Technologies, Erie Indemnity to be added to S&P 500 on 9/23
- DoT Investigates Major Airlines’ Loyalty Programs