Mixed options sentiment in American Airlines with shares down 0.84%

Mixed options sentiment in American Airlines (AAL), with shares down 10c near $11.22. Options volume relatively light with 89k contracts traded and calls leading puts for a put/call ratio of 0.91, compared to a typical level near 1.09. Implied volatility (IV30) dropped 0.03 near 55.89,in the top quartile of the past year, suggesting an expected daily move of $0.40. Put-call skew steepened, indicating increased demand for downside protection.Looking ahead: American Airlines (AAL) will report earnings before the open on 2026-04-23.Option markets are pricing in a 50% probability of a move greater than 7.54% or $0.85.