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: Dec 17, 2027
Days to expiration: 432
Share price: $12.76
Put/call ratio (OI): 3.07
Put/call ratio (volume): 1.12
ATM implied volatility: 47.4%
Expected move: ±$6.59
Open interest (C / P): 63.72K / 195.58K

AAL options summary

The AAL options chain for the December 17, 2027 expiration lists 17 call and 17 put contracts, with 432 days until expiration. Open interest stands at 63,721 calls and 195,580 puts, a put/call ratio of 3.07, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $13.00 strike is 47.4%, which implies the market expects a move of about ±$6.59 (51.6%) in American Airlines Group stock by expiration.

The most open interest sits at the $15.00 call (18.37K contracts) and the $5.00 put (151.63K contracts).

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

AAL options chain · December 17, 2027

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
31	2	176.2%	12.37	10.80	13.15	1.00	0.00	0.24	0.04	150.8%	40	105
24	10	180.9%	14.10	9.50	13.40	2.00	0.00	0.45	0.02	123.8%	99	146
513	1	97.8%	10.30	8.70	11.30	3.00	0.00	4.40	0.01	271.1%	5	63
0	2	—	10.24	0.00	0.00	4.00	0.05	0.11	0.12	61.7%	1	586
2,042	11	83.8%	8.10	8.05	8.55	5.00	0.09	0.15	0.13	55.3%	4	151,625
526	11	59.9%	5.98	5.40	5.90	8.00	0.44	0.59	0.53	50.2%	18	19,852
4,760	1	57.4%	4.35	4.15	4.60	10.00	0.98	1.10	1.06	45.4%	50	14,350
AAL $12.76
2,117	11	53.8%	2.80	2.60	3.10	13.00	1.92	2.40	2.34	41.1%	75	2,702
18,371	113	50.6%	1.94	1.89	2.15	15.00	2.88	4.70	3.63	58.6%	1	588
4,156	11	54.3%	1.43	1.35	2.10	17.00	0.00	0.00	4.70	—	1	0
8,009	122	50.0%	0.68	0.77	0.98	20.00	7.25	7.95	7.39	44.2%	1	5,545
1,532	2	51.2%	0.60	0.60	0.99	22.00	8.10	10.55	9.50	62.3%	2	10
999	4	50.4%	0.39	0.38	0.51	25.00	10.95	13.50	12.34	68.2%	6	3
531	1	76.2%	0.47	0.25	2.67	27.00	12.95	15.50	14.31	72.1%	5	5
8,037	2	50.5%	0.21	0.16	0.27	30.00	15.20	18.50	17.27	77.4%	2	0
1,150	4	52.6%	0.17	0.12	0.40	32.00	0.00	0.00	18.90	—	30	0
10,923	28	51.0%	0.13	0.09	0.22	35.00	20.00	25.00	23.95	56.5%	36	0

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 December 17, 2027 expiration, the AAL put/call ratio based on open interest is 3.07 (195,580 puts vs 63,721 calls), and 1.12 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 December 17, 2027 is about 47.4%, 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.