Mixed options sentiment in American Airlines (AAL), with shares up 12c, or 0.87%, near $13.37. Options volume relatively light with 55k contracts traded and puts leading calls for a put/call ratio of 2.01, compared to a typical level near 0.76. Implied volatility (IV30) dropped 0.96 near 44.64,and below the 52wk median, suggesting an expected daily move of $0.38. Put-call skew steepened, indicating increased demand for downside protection, following a downgrade to Market Perform at Raymond James.
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