Moderately bullish activity in American Airlines (AAL), with shares up 10c, or 0.91%, near $11.69. Options volume roughly in line with average with 35k contracts traded and calls leading puts for a put/call ratio of 0.32, compared to a typical level near 1.25. Implied volatility (IV30) is higher by 0.4 points near 54.39,in the top quartile of the past year, suggesting an expected daily move of $0.40. Put-call skew flattened, suggesting a modestly bullish tone.Looking ahead: American Airlines (AAL) will report earnings after the close on None.Option markets are pricing in a 50% probability of a move greater than 0.0% or $0.00.
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