Option traders moderately bearish in American Airlines (AAL), with shares down 25c near $12.55. Options volume relatively light with 61k contracts traded and puts leading calls for a put/call ratio of 1.31, compared to a typical level near 0.84. Implied volatility (IV30) is higher by 0.5 points near 46.39,and below the 52wk median, suggesting an expected daily move of $0.37. Put-call skew flattened, suggesting a modestly bullish tone.
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