Mixed options sentiment in American Airlines (AAL), with shares up 30c, or 2.55%, near $12.08. Options volume relatively light with 70k contracts traded and calls leading puts for a put/call ratio of 0.64, compared to a typical level near 0.92. Implied volatility (IV30) dropped 1.73 near 51.69,and above the 52wk median, suggesting an expected daily move of $0.39. Put-call skew flattened, suggesting a modestly bullish tone.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AAL:
- American Airlines price target lowered to $16 from $17 at Susquehanna
- American Airlines price target raised to $13.50 from $12 at BMO Capital
- United Airlines (UAL) Gets Hit by Fuel Costs in Q1. Here Is Why the Bulls Should Hold Firm
- American Airlines Earnings Call: Demand Strong, Fuel Bites
- Midday Fly By: Tesla, IBM slide despite quarterly beats