Mixed options sentiment in American Airlines with shareslittle changed

Mixed options sentiment in American Airlines (AAL), with sharesflat near $11.41. Options volume relatively light with 53k contracts traded and calls leading puts for a put/call ratio of 0.8, compared to a typical level near 1.1. Implied volatility (IV30) dropped 0.48 near 57.47,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.Looking ahead: American Airlines (AAL) will report earnings before the open on 2026-04-23.Option markets are pricing in a 50% probability of a move greater than 6.26% or $0.71.