Thursday, August 27, 2015 8:55:27 AM
American Airlines flew higher yesterday, and the bulls were onboard.
optionMONSTER's Heat Seeker program detected buying in the Weekly 39.50 calls early yesterday, with traders snapping up 5,800 contracts for $0.27. Volume was more than 6 times open interest at the time, which indicated new money being put to work.
Long calls lock in the price where investors can purchase shares, allowing them profit from rallies with limited capital at risk. Their cheap cost can also generate significant leverage on a percentage basis, which happened yesterday because the Weekly 39.50s almost doubled to $0.48 by the closing bell. (See our Education section)
AAL ended the session up 3.6 percent to $38.65. The stock has been trying to hold $38 after the market's recent slide to 10-month lows. The company has fared worse than major competitors Delta Air Lines and United Continental, which both remain positive on a trailing 12-month basis.
Overall option volume was almost triple average amounts in the session, with calls accounting for a bullish 71 percent of the total.
Recent AAL News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/01/2024 08:49:59 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 08/01/2024 08:48:06 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/31/2024 08:30:22 PM
- American Airlines Names Howard Ungerleider to its Board of Directors • GlobeNewswire Inc. • 07/31/2024 08:30:00 PM
- Shareholders that lost money on American Airlines Group Inc.(AAL) Urged to Join Class Action - Contact The Gross Law Firm to Learn More • PR Newswire (US) • 07/29/2024 09:45:00 AM
- American Airlines Reports Second-Quarter 2024 Financial Results • GlobeNewswire Inc. • 07/25/2024 11:00:00 AM
- U.S. Index Futures Mixed After Tech Sell-Off, Oil Prices Drop on Weak China Demand and Ceasefire Expectations • IH Market News • 07/25/2024 10:21:35 AM
- The Gross Law Firm Reminds Shareholders of a Lead Plaintiff Deadline of September 16, 2024 in American Airlines Group Inc. Lawsuit - AAL • PR Newswire (US) • 07/25/2024 09:45:00 AM
- U.S. Stocks Move Sharply Lower On Disappointing Earnings News • IH Market News • 07/24/2024 08:39:47 PM
- Berkshire Sells BofA Holdings, Ryanair Shares Drop 12%, Delta Still Struggling After IT Disruption • IH Market News • 07/22/2024 09:44:17 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/15/2024 08:18:33 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/15/2024 08:18:01 PM
- American Airlines Group announces webcast of second-quarter 2024 financial results • GlobeNewswire Inc. • 07/11/2024 02:00:00 PM
- Apple Joins OpenAI Board, Logitech President Opts Out of Reelection, and More News • IH Market News • 07/03/2024 10:59:39 AM
- American Airlines releases 2023 Sustainability Report • GlobeNewswire Inc. • 07/02/2024 07:00:00 PM
- American Airlines commits to conditional purchase of 100 ZeroAvia hydrogen-powered engines, increases investment in hydrogen-electric innovator • GlobeNewswire Inc. • 07/02/2024 12:00:00 PM
- UPS Divests Coyote Logistics in $1.025 Billion Deal with RXO, Under Armour Agrees to $434 million Settlement, and More News • IH Market News • 06/24/2024 11:00:20 AM
- Honeywell Acquires CAES Systems for $1.9 Billion, Sarepta Therapeutics Surges 34%, Gilead Continues Gains • IH Market News • 06/21/2024 12:00:38 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/06/2024 09:27:06 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/06/2024 09:26:20 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/06/2024 09:25:48 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/06/2024 09:25:17 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/06/2024 09:24:48 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/06/2024 09:24:12 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/06/2024 09:23:32 PM
Kona Gold Beverages, Inc. Announces Strategic Initiatives and Corporate Direction Changes • KGKG • Aug 2, 2024 2:00 PM
POET and Luxshare Tech Expand Product Offerings for Artificial Intelligence Networks • POET • Aug 1, 2024 9:28 AM
Management Discusses Financial Filings of Global Arena Holding Inc., for 10-K 2023 and 10-Q, 1st Quarter 2024 • GAHC • Aug 1, 2024 9:14 AM
VAYK Announces LOI to Acquire $1 Million Home Service Company to Support Airbnb Business • VAYK • Aug 1, 2024 9:00 AM
Duane Forrester Joins INDEXR as SVP of Search • MONI • Jul 31, 2024 11:46 AM
Lingerie Fighting Championships Help Fulfill Death-Bed Promise With First Major Motion Picture • BOTY • Jul 31, 2024 9:00 AM