Mixed options sentiment in American Airlines (AAL), with shares up 10c, or 0.85%, near $11.88. Options volume roughly in line with average with 57k contracts traded and calls leading puts for a put/call ratio of 0.56, compared to a typical level near 0.78. Implied volatility (IV30) dropped 4.73 near 46.7,and above the 52wk median, suggesting an expected daily move of $0.35. Put-call skew steepened, indicating increased demand for downside protection.
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