(AAL) – What are investors doing with American Airlines Group

Someone with a lot of money to spend (and maybe some insider knowledge) took an unusually bearish stance on American Airlines Group.

And retail traders should know.

We noticed this today when the prominent position appeared in the history of publicly available options that we follow here at Benzinga.

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

So how do we know what the smart money just did?

Today, Benzinga’s options scanner spotted 32 uncommon option trades for American Airlines Group (NASDAQ: AAL).

It’s not normal.

The general sentiment of these big traders is split between 31.25% bullish and 68.75% bearish.

Of all the special options we discovered, 25 are put options, for a total amount of $ 1,668,243, and 7 are call options, for a total amount of $ 389,258.

What is the target price?

Considering the volume and open interest on these contracts, it looks like smart money is targeting a price range of $ 8.0 to $ 23.0 for American Airlines Group in the past 3 months.

Development of volume and open interest

Watching the volume and open interest is a powerful move when trading options. This data can help you track the liquidity and interest of American Airlines Group options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and options, respectively, for all American Airlines Group smart money transactions within a strike price range of 8, $ 0 to $ 23.0 in the last 30 days.

Volume of American Airlines group options and open interest during the last 30 days

The biggest options spotted:

symbol PLACE / CALL Type of business Feeling Exp. Dated Strike price Total trade price Open interest Volume
AAL TO PUT TRADE BULLISH 09/17/21 $ 20.00 $ 93.0K 24.8K 15.7K
AAL TO PUT TRADE DECREASE 01/20/23 $ 12.00 $ 392.0K 35.7K 4.0K
AAL TO PUT TO SWEEP UP DECREASE 02/18/22 $ 18.00 $ 55.0K 15.9K 6.1K
AAL TO PUT TO SWEEP UP DECREASE 02/18/22 $ 18.00 $ 48.9K 15.9K 5.7K
AAL TO PUT TO SWEEP UP DECREASE 02/18/22 $ 18.00 $ 66.0K 15.9K 4.8K

Where is the American Airlines group located right now?

  • With a volume of 20,719,835, the price of AAL is up -0.98% over the last 24 hours to $ 19.7.
  • RSI indicators suggest that the underlying stock could be close to overbought.
  • The next results should be published in 34 days.

Price chart and RSI

What the experts say about the American Airlines group:

  • Morgan Stanley has decided to maintain its underweight rating on American Airlines Group, which currently sits at a price target of $ 23.0.

Options are a riskier asset compared to just trading in stocks, but they have a higher profit potential. Serious options traders manage this risk by educating themselves daily, increasing and decreasing trades, following more than one indicator and closely following the markets. If you’re already an options trader or want to get started, head over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analysis to strengthen your investing and trading strategy.

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