Mixed options sentiment in American Airlines (AAL), with shares down 28c near $13.03. Options volume relatively light with 95k contracts traded and calls leading puts for a put/call ratio of 0.39, compared to a typical level near 0.7. Implied volatility (IV30) dropped 2.71 near 48.99,and above the 52wk median, suggesting an expected daily move of $0.40. Put-call skew steepened, indicating increased demand for downside protection.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AAL:
- AAL, UAL, LUV: U.S. Airlines Say Flight Cancellations to Continue
- United Airlines Accused of Playing ‘Word Games’ in Lawsuit Battle with Millions of Windowless Passengers
- Turbulent Options Market Enables Timely American Airlines Stock (AAL) Trade
- ‘It’s Only Going to Get Worse’: U.S. Airline Stocks Hold Steady despite Spike in Flight Cancellations
- Air traffic control staff shortages impact Saturday flights, Reuters says