AAL Options Chain, Open Interest, and Volatility Data

AAL Options Open Interest & Strategy Insights

AAL – Top 10 Strike Prices by Open Interest

Strike	Call OI	Put OI	Total OI
5	6242	495028	501270
10	92596	372969	465565
12	92572	287961	380533
8	17358	288846	306204
13	140495	109100	249595
14	216040	11168	227208
15	133250	68549	201799
11	14004	174862	188866
9	2035	104913	106948
17	80604	19956	100560

AAL – Volatility Metrics & Put/Call Analysis

Put/Call OI Ratio	Put/Call Volume Ratio	Avg Call IV	Avg Put IV	IV Skew
1.26	1.68	55.54%	55.00%	-0.53%

Data Analysis

Symbol: AAL Current Price: 13.42
Max Pain: 10.00 (above)

📌 Absolute OI Peak: 5.00 (501270 contracts)
🛡️ Short-term Key Levels: 13.00（249595 contracts，minor support） , 12.00（380533 contracts，minor support） , 11.00（188866 contracts，major support）

📈 Put/Call OI Ratio: 1.26 (bearish, Put OI dominant)
Put/Call Volume Ratio: 1.68 (bearish, Put volume dominant)

📊 Avg Call IV: 55.54%
Avg Put IV: 55.00%
IV Skew: -0.53% (Call and Put IV are close, neutral expectation)

⚠️ Unusual OI concentration at far OTM strike 5.00 (501270 contracts), sentiment: bearish (Put OI dominant). May reflect speculative bets or hedging demand.

Market Sentiment Based on Options by Expiration Date

Date	Call Volume	Put Volume	Open Interest	Put/Call Ratio	Sentiment
2025-11-07	9146	7687	48847	0.840	Slight Bullish 📈 (60)
2025-11-14	11303	2594	26602	0.229	Moderate Bullish 📈 (70) ⚠️
2025-11-21	4610	3073	389853	0.667	Moderate Bullish 📈 (65) ⚠️
2025-11-28	789	461	21890	0.584	Slight Bullish 📈 (60)
2025-12-05	549	279	3093	0.508	Slight Bullish 📈 (60)
2025-12-12	499	72	190	0.144	Moderate Bullish 📈 (70) ⚠️
2025-12-19	2445	2322	426051	0.950	Neutral ⚖️ (50) ⚠️
2026-01-16	8967	5745	415501	0.641	Moderate Bullish 📈 (65) ⚠️
2026-02-20	1955	2227	125971	1.139	Moderate Bearish 📉 (35)
2026-03-20	745	52101	258483	69.934	Strong Bearish 📉💥 (15) ⚠️
2026-05-15	68	69	35382	1.015	Neutral ⚖️ (50)
2026-06-18	245	64	281633	0.261	Strong Bullish 📈💥 (85) ⚠️
2026-09-18	190	169	67457	0.889	Moderate Bullish 📈 (65)
2026-12-18	470	2389	149324	5.083	Strong Bearish 📉💥 (15) ⚠️
2027-01-15	2316	436	209357	0.188	Strong Bullish 📈💥 (85) ⚠️
2027-12-17	149	175	204164	1.174	Moderate Bearish 📉 (35) ⚠️
2028-01-21	113	9	12054	0.080	Moderate Bullish 📈 (70) ⚠️
How the Sentiment Algorithm Works This table evaluates market sentiment based on aggregated options data by expiration date. The key metrics are: Put/Call Ratio (PCR): Indicates the relative activity between put and call options. A high PCR suggests bearish sentiment, while a low PCR indicates bullish sentiment. Open Interest (OI): Represents the number of outstanding contracts. Higher values reflect strong market attention or hedging activity. Unusual activity ⚠️: Days with extremely high PCR or OI are flagged, signaling possible speculative bets or hedging pressures. The sentiment score is computed by combining PCR and OI, then classified into clear labels such as Strong Bullish, Moderate Bullish, Neutral, Moderate Bearish, Strong Bearish. Scores range from 0 to 100, where higher values indicate stronger bullish sentiment and lower values indicate stronger bearish sentiment.