$AAL American Airlines at Resistance / Bearish Options Activity
AAL American Airlines - price/volume divergence post earnings on this latest run from ~$32 to ~$38 on declining volume. Near term anticipating another leg down within bearish long term channel. Targeting $28-$30 area by January.Also of note, we saw some unusual bearish put options activity today with about 11k $39 strike December puts being traded for around 2M in premium.
Note: Informational analysis, not investment advice.
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