American Airlines Group (AAL) Options Chain

NASDAQ: AALConsumer DiscretionaryAir Freight/Delivery ServicesUSD

12.76-0.04 (-0.31%)

At close: Oct 9, 4:00 PM ET · Delayed 15 min

Expiration date

Expiration: Nov 6, 2026
Days to expiration: 26
Share price: $12.76
Put/call ratio (OI): 1.22
Put/call ratio (volume): 0.49
ATM implied volatility: 55.8%
Expected move: ±$1.90
Open interest (C / P): 2.60K / 3.16K

AAL options summary

The AAL options chain for the November 6, 2026 expiration lists 22 call and 12 put contracts, with 26 days until expiration. Open interest stands at 2,597 calls and 3,162 puts, a put/call ratio of 1.22, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $13.00 strike is 55.8%, which implies the market expects a move of about ±$1.90 (14.9%) in American Airlines Group stock by expiration.

The most open interest sits at the $15.00 call (448 contracts) and the $10.50 put (845 contracts).

Summary generated from market data by MetaCap's automated system. Methodology

AAL options chain · November 6, 2026

AAL calls and puts by strike price. Shaded cells are in the money.
Calls							Puts
OI	Vol	IV	Last	Bid	Ask	Strike	Bid	Ask	Last	IV	Vol	OI
120	47	335.6%	7.85	7.30	9.30	5.00	—	—	—	—	—	—
234	39	160.2%	4.65	4.55	5.60	8.00	—	—	—	—	—	—
79	20	169.3%	4.25	3.90	5.60	8.50	—	—	—	—	—	—
3	4	158.6%	3.67	3.50	5.10	9.00	—	—	—	—	—	—
2	2	95.7%	2.89	1.97	4.10	10.00	0.00	0.05	0.03	50.8%	26	196
—	—	—	—	—	—	10.50	0.04	0.08	0.07	51.6%	117	845
—	—	—	—	—	—	11.00	0.01	0.13	0.12	52.3%	115	328
10	10	99.9%	2.21	0.77	3.30	11.50	0.15	0.21	0.17	50.0%	57	319
63	78	52.5%	1.13	0.91	1.39	12.00	0.28	0.35	0.32	49.3%	33	721
106	91	54.3%	0.82	0.72	0.88	12.50	0.46	0.54	0.48	48.3%	468	349
AAL $12.76
150	953	47.5%	0.56	0.52	0.55	13.00	0.31	1.02	0.78	64.1%	199	99
279	320	50.6%	0.38	0.31	0.41	13.50	0.99	1.42	1.16	54.8%	12	26
341	302	49.4%	0.24	0.18	0.26	14.00	1.24	1.81	1.54	51.6%	63	246
228	264	52.9%	0.16	0.12	0.20	14.50	1.03	3.45	2.03	79.3%	1	10
448	24	48.8%	0.08	0.06	0.10	15.00	1.02	3.65	2.39	158.4%	2	19
95	1	54.3%	0.10	0.00	0.09	15.50	—	—	—	—	—	—
17	2	52.7%	0.04	0.03	0.07	16.00	2.88	4.70	2.99	110.0%	4	4
4	3	58.2%	0.09	0.01	0.09	16.50	—	—	—	—	—	—
298	60	80.1%	0.07	0.00	0.28	17.00	—	—	—	—	—	—
1	—	76.2%	0.12	0.00	0.17	17.50	—	—	—	—	—	—
2	2	120.7%	0.04	0.00	0.75	18.00	—	—	—	—	—	—
25	25	110.0%	0.07	0.00	0.47	18.50	—	—	—	—	—	—
91	1	152.7%	0.01	0.00	1.15	19.00	—	—	—	—	—	—
1	—	163.9%	0.07	0.00	1.15	20.00	—	—	—	—	—	—

In-the-money callsIn-the-money puts. IV = implied volatility, OI = open interest (contracts). Each contract covers 100 shares. Quotes delayed at least 15 minutes.

Frequently asked questions

What is the AAL put/call ratio?

For the November 6, 2026 expiration, the AAL put/call ratio based on open interest is 1.22 (3,162 puts vs 2,597 calls), and 0.49 based on today's volume. A ratio above 1 means more puts than calls.

What is AAL's implied volatility?

At-the-money implied volatility for AAL options expiring November 6, 2026 is about 55.8%, an annualized estimate of how much the market expects American Airlines Group stock to move.

How many AAL option expiration dates are there?

AAL has 19 listed expiration dates, from Oct 16, 2026 to Jan 19, 2029.

What does "in the money" mean?

A call is in the money when the strike price is below the current share price; a put is in the money when the strike is above it. In-the-money contracts have intrinsic value and are shaded in the table.