Mixed options sentiment in American Airlines (AAL), with shares up 55c, or 5.26%, near $10.91. Options volume running well above average with 138k contracts traded and calls leading puts for a put/call ratio of 0.8, compared to a typical level near 0.89. Implied volatility (IV30) dropped 2.36 near 49.87,and above the 52wk median, suggesting an expected daily move of $0.34. Put-call skew steepened, indicating increased demand for downside protection.
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