Looking At American Airlines Group’s Recent Whale Trades

Someone with a lot of money to spend has taken a bullish stance on American Airlines Group AAL.

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don’t know. But when something this big happens with AAL, it often means somebody knows something is about to happen.

So how do we know what this whale just did?

Today, Benzinga’s options scanner spotted 28 uncommon options trades for American Airlines Group.

This isn’t normal.

The overall sentiment of these big-money traders is split between 67% bullish and 32%, bearish.

Out of all of the special options we uncovered, 14 are puts, for a total amount of $ 1,146,698, and 14 are calls, for a total amount of $ 613,260.

What’s The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $ 5.0 to $ 19.0 for American Airlines Group over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for American Airlines Group’s options for a given strike price.

Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of American Airlines Group’s whale activity within a strike price range from $ 5.0 to $ 19.0 in the last 30 days.

American Airlines Group Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT / CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
AAL PUT TRADE BEARISH 06/16/23 $ 13.00 $ 367.5K 12.9K 1.5K
AAL PUT SWEEP BULLISH 09/16/22 $ 14.00 $ 162.0K 8.3K 1.5K
AAL PUT SWEEP BULLISH 08/26/22 $ 18.50 $ 144.5K 474 300
AAL CALL SWEEP BEARISH 08/05/22 $ 13.00 $ 73.3K 1.6K 1.0K
AAL PUT SWEEP BEARISH 01/20/23 $ 14.00 $ 71.0K 20.6K 128
Symbol PUT / CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
AAL PUT TRADE BEARISH 06/16/23 $ 13.00 $ 367.5K 12.9K 1.5K
AAL PUT SWEEP BULLISH 09/16/22 $ 14.00 $ 162.0K 8.3K 1.5K
AAL PUT SWEEP BULLISH 08/26/22 $ 18.50 $ 144.5K 474 300
AAL CALL SWEEP BEARISH 08/05/22 $ 13.00 $ 73.3K 1.6K 1.0K
AAL PUT SWEEP BEARISH 01/20/23 $ 14.00 $ 71.0K 20.6K 128

Where Is American Airlines Group Standing Right Now?

  • With a volume of 14,196,878, the price of AAL is up 2.44% at $ 14.04.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 80 days.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for American Airlines Group, Benzinga Pro gives you real-time options trades alerts.

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