Investors with a lot of money to spend have taken a bearish stance on American Airlines Group (NASDAQ:AAL).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, 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 these investors just did?
Today, Benzinga‘s options scanner spotted 8 uncommon options trades for American Airlines Group.
This isn’t normal.
The overall sentiment of these big-money traders is split between 25% bullish and 62%, bearish.
Out of all of the special options we uncovered, 4 are puts, for a total amount of $698,253, and 4 are calls, for a total amount of $145,695.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $10.0 to $15.0 for American Airlines Group over …
This post was originally published here
