Moderately bullish activity in American Airlines (AAL), with shares up 9c, or 0.6%, near $15.12. Options volume relatively light with 66k contracts traded and puts leading calls for a put/call ratio of 1.17, compared to a typical level near 1.25. Implied volatility (IV30) is higher by 1.4 points near 43.34,in the bottom quartile of the past year, suggesting an expected daily move of $0.41. Put-call skew flattened, suggesting a modestly bullish tone.
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