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: Jun 16, 2028
Days to expiration: 614
Share price: $12.76
Put/call ratio (OI): 83.61
Put/call ratio (volume): 158.83
ATM implied volatility: 64.5%
Expected move: ±$10.68
Open interest (C / P): 36 / 3.01K

AAL options summary

The AAL options chain for the June 16, 2028 expiration lists 5 call and 2 put contracts, with 614 days until expiration. Open interest stands at 36 calls and 3,010 puts, a put/call ratio of 83.61, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $12.00 strike is 64.5%, which implies the market expects a move of about ±$10.68 (83.7%) in American Airlines Group stock by expiration.

The most open interest sits at the $15.00 call (21 contracts) and the $10.00 put (2.85K contracts).

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

AAL options chain · June 16, 2028

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
5	5	67.0%	5.85	4.65	6.05	10.00	1.11	1.57	1.36	47.3%	2,734	2,852
—	—	—	—	—	—	12.00	0.89	3.65	2.23	64.5%	125	158
AAL $12.76
21	3	59.9%	2.80	2.33	4.00	15.00	—	—	—	—	—	—
2	2	52.6%	2.63	0.77	3.60	17.00	—	—	—	—	—	—
6	2	52.3%	1.10	0.87	1.32	22.00	—	—	—	—	—	—
2	6	53.6%	0.92	0.56	1.06	25.00	—	—	—	—	—	—

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 June 16, 2028 expiration, the AAL put/call ratio based on open interest is 83.61 (3,010 puts vs 36 calls), and 158.83 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 June 16, 2028 is about 64.5%, 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.