American Airlines Group Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on American Airlines Group (NASDAQ:AAL), with 53% of recent trades being bearish and 46% bullish. The total amount for put options is $454,028 and for call options is $295,446. Whales have been targeting a price range from $13.0 to $25.0 for American Airlines Group over the last 3 months. The current price of AAL is up 0.95% at $14.87, with RSI indicators suggesting the stock may be approaching oversold.
August 29, 2023 | 7:30 pm
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Bearish stance taken on American Airlines Group with majority of recent trades being bearish. Whales targeting a price range from $13.0 to $25.0. Current price of AAL is up 0.95% at $14.87.
The bearish stance taken by a significant investor, along with the high volume of put options, suggests a negative outlook for American Airlines Group. This, combined with the fact that the stock may be approaching oversold according to RSI indicators, could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100