Benzinga | Nov 15, 2021 12:12PM EST

American Airlines Group Whale Trades For November 15

Someone with a lot of money to spend has taken a bullish stance on American Airlines Group (NASDAQ: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 10 uncommon options trades for American Airlines Group.

This isn't normal.

The overall sentiment of these big-money traders is split between 80.0% bullish and 20.0%, bearish.

Out of all of the special options we uncovered, 2 are puts, for a total amount of $242,231, and 8 are calls, for a total amount of $815,114.

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 $12.0 to $22.0 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 $12.0 to $22.0 in the last 30 days.

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

Biggest Options Spotted:

Symbol PUT/ Trade Sentiment Exp. Strike Total Trade Open Volume CALL Type Date Price Price InterestAAL CALL SWEEP BULLISH 02/18/ $22.00 $234.6K 18.0K 8.5K 22AAL PUT TRADE BULLISH 01/21/ $19.00 $215.0K 3.9K 3.8K 22AAL CALL SWEEP BULLISH 02/18/ $22.00 $140.0K 18.0K 10.6K 22AAL CALL SWEEP BULLISH 02/18/ $22.00 $138.0K 18.0K 5.1K 22AAL CALL SWEEP BEARISH 02/18/ $22.00 $135.7K 18.0K 1.0K 22

Where Is American Airlines Group Standing Right Now?

* With a volume of 10,269,713, the price of AAL is down -0.19% at $20.25.

* RSI indicators hint that the underlying stock may be approaching overbought.

* Next earnings are expected to be released in 73 days.

What The Experts Say On American Airlines Group:

* Citigroup has decided to maintain their Neutral rating on American Airlines Group, which currently sits at a price target of $20.5.

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 are already an options trader or would like to get started, head on over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy.