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
2026-02-06	9007	48244	57251	5.356
2026-02-13	14228	11232	25460	0.789
2026-02-20	74072	132720	206792	1.792
2026-02-27	5816	4586	10402	0.789
2026-03-06	3569	2742	6311	0.768
2026-03-13	1047	483	1530	0.461
2026-03-20	106034	214101	320135	2.019
2026-03-27	25	143	168	5.720
2026-04-17	226	3512	3738	15.540
2026-05-15	32938	63865	96803	1.939
2026-06-18	98048	266558	364606	2.719
2026-08-21	2643	8895	11538	3.365
2026-09-18	45623	88457	134080	1.939
2026-12-18	69183	103376	172559	1.494
2027-01-15	92894	173245	266139	1.865
2027-03-19	523	2736	3259	5.231
2027-06-17	131	23007	23138	175.626
2027-09-17	27	311	338	11.519
2027-12-17	46089	187114	233203	4.060
2028-01-21	29460	14612	44072	0.496
2028-12-15	3605	12209	15814	3.387
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.