Mixed options sentiment in American Airlines (AAL), with shares up 7c, or 0.55%, near $12.89. Options volume roughly in line with average with 56k contracts traded and calls leading puts for a put/call ratio of 0.29, compared to a typical level near 0.81. Implied volatility (IV30) dropped 1.86 near 43.87,in the bottom quartile of the past year, suggesting an expected daily move of $0.36. Put-call skew steepened, indicating increased demand for downside protection.
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