Moderately bullish activity in American Airlines (AAL), with shares up 30c, or 2.53%, near $11.96. Options volume roughly in line with average with 60k contracts traded and calls leading puts for a put/call ratio of 0.29, compared to a typical level near 1.19. Implied volatility (IV30) is higher by 1.8 points near 56.45,in the top quartile of the past year, suggesting an expected daily move of $0.43. Put-call skew steepened, indicating increased demand for downside protection.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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AAL:
- Moderately bullish activity in American Airlines with shares up 0.91%
- Delta Air Lines Stock (DAL) Takes Flight after Leading Analyst Says It is Soaring Past Peers
- American Airlines price target raised to $12 from $10 at Susquehanna
- Mixed options sentiment in American Airlines with shares up 0.36%
- American Airlines price target raised to $13 from $12 at Jefferies