Airline Sees Large Call Buys Amid Lower Fuel Prices
American Air (AAL) buyers of 6000 October $13 calls $1.71 offers and higher today as the stock trying to regain monthly value at 13.90 after making a higher low last week and now MACD nearing a bull cross. Airlines starting to see more bullish flow as crude oil comes down in price which is often a correlation worth watching. AAL has space up to 15 short term with potential upside to the YTD VWAP close to 16.