Mixed options sentiment in American Airlines (AAL), with shares up 8c, or 0.69%, near $10.94. Options volume relatively light with 73k contracts traded and puts leading calls for a put/call ratio of 1.63, compared to a typical level near 1.3. Implied volatility (IV30) dropped 0.34 near 59.3,in the top quartile of the past year, suggesting an expected daily move of $0.41. Put-call skew steepened, indicating increased demand for downside protection.
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