Moderately bullish activity in American Airlines (AAL), with shares up 27c, or 2.18%, near $12.68. Options volume relatively light with 32k contracts traded and calls leading puts for a put/call ratio of 0.94, compared to a typical level near 0.86. Implied volatility (IV30) is higher by 0.6 points near 49.65,and above the 52wk median, suggesting an expected daily move of $0.40. Put-call skew flattened, suggesting a modestly bullish tone.
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