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.
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