Option traders moderately bearish in American Airlines with shares down 5.71%

Option traders moderately bearish in American Airlines (AAL), with shares down 64c near $10.49. Options volume roughly in line with average with 54k contracts traded and puts leading calls for a put/call ratio of 1.73, compared to a typical level near 1.18. Implied volatility (IV30) is higher by 2.8 points near 63.73,in the top quartile of the past year, suggesting an expected daily move of $0.42. 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.