Option traders moderately bearish in American Airlines (AAL), with shares up 0c, or 0.04%, near $12.70. Options volume relatively light with 59k contracts traded and puts leading calls for a put/call ratio of 2.24, compared to a typical level near 1.05. Implied volatility (IV30) is higher by 0.1 points near 49.42,and above the 52wk median, suggesting an expected daily move of $0.40. Put-call skew steepened, indicating increased demand for downside protection.
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