AAL Options Chain by Expiration – Open Interest & Put/Call Ratio

Explore the AAL options chain aggregated by expiration date, with call and put open interest, total OI and put/call ratios. Use this overview to spot where options positioning is most concentrated and which expirations carry bullish, bearish or neutral sentiment for AAL.

Options Analysis Short-Term Forecast Short Interest Report

Market Sentiment from AAL Options by Expiration Date

The table below aggregates AAL options data by expiration date, including call volume, put volume, total open interest and the put/call ratio. Each row is assigned a sentiment label and numerical sentiment score, highlighting expirations where positioning is extremely bullish, defensive or balanced. Click on an expiration date to drill down into the detailed options chain for that maturity.

Expiration Date	Call OI	Put OI	Total Open Interest	Put/Call Ratio
2025-12-26	23429	24451	47880	1.044
2026-01-02	8150	7714	15864	0.947
2026-01-09	4276	4540	8816	1.062
2026-01-16	280766	371213	651979	1.322
2026-01-23	4328	1469	5797	0.339
2026-01-30	4188	658	4846	0.157
2026-02-20	45351	122249	167600	2.696
2026-03-20	76618	217875	294493	2.844
2026-05-15	20807	45639	66446	2.193
2026-06-18	90776	259532	350308	2.859
2026-08-21	204	17	221	0.083
2026-09-18	30985	85627	116612	2.763
2026-12-18	63355	100986	164341	1.594
2027-01-15	85669	166354	252023	1.942
2027-12-17	34387	186548	220935	5.425
2028-01-21	25499	5546	31045	0.217
How the Options Sentiment Score Is Calculated This sentiment framework evaluates market bias for AAL based on aggregated options data by expiration date. The key metrics are: Put/Call Ratio (PCR): Compares put and call activity. A higher PCR usually indicates more defensive or bearish positioning, while a lower PCR suggests bullish call demand. Open Interest (OI): Represents the number of outstanding option contracts. Higher open interest reflects strong market attention, hedging activity or speculative positioning around AAL. Unusual activity ⚠️: Expirations with extreme PCR or unusually high OI are flagged with a warning icon, signaling concentrated bets, hedging pressure or potential event-driven risk. The sentiment score combines PCR and OI into a 0–100 scale, then classifies each expiration into intuitive labels such as Strong Bullish, Moderate Bullish, Neutral, Moderate Bearish, Strong Bearish. Higher scores reflect more aggressive bullish positioning in AAL options, while lower scores highlight more defensive or bearish structures.