Smart Money Is Betting Big In AAL Options
Portfolio Pulse from Benzinga Insights
Investors with significant capital have taken a bearish stance on American Airlines Group (NASDAQ:AAL), as observed through unusual options trading activity. Benzinga's options scanner identified 9 uncommon trades, with 7 being puts and 2 calls, indicating a bearish sentiment. The predicted price range for AAL is between $5.0 and $15.0 over the next three months.
July 02, 2024 | 4:16 pm
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Significant investors have taken a bearish stance on American Airlines Group (NASDAQ:AAL) through unusual options trading activity. The majority of trades are puts, indicating a bearish sentiment. The predicted price range for AAL is between $5.0 and $15.0 over the next three months.
The majority of the options trades identified are puts, which are typically used to bet on a decline in the stock price. This indicates a bearish sentiment among significant investors. The predicted price range of $5.0 to $15.0 suggests expectations of a potential decline in AAL's stock price.
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