American Airlines Group Inc. (AAL) Options Statistics & Positioning

American Airlines Group Inc. (AAL) options trade at a 30-day at-the-money implied volatility of 44.8%, an IV rank of 27 out of 100 over the past year. The options market prices a ±$1.06 (±6.6%) move in AAL for the front expiration. Max pain sits at $15 and the put/call open interest ratio is 1.67. Statistics are computed by OptiView from delayed OPRA options data and refresh every trading day.

Data as of Aug 6, 2026, 8:00 PM ET · OPRA data 15 minutes delayed · For information only — not investment advice.

Last close

$16.06

52-week range

$10.16 – $18.13

ATM IV (30d)

44.8%

IV rank

27 / 100

Low

Expected move

±$1.06 (±6.6%)

Put/call OI

1.67

Put-heavy

Max pain

$15

↓ 6.6% below close

Next earnings

Oct 21, 2026

Most Active AAL Contracts

Contract	Expiration	DTE	Last	IV	Volume
AAL $16.5 call	Aug 7, 2026	1d	$0.03	55.5%	4,316
AAL $17 call	Aug 7, 2026	1d	$0.01	65.4%	4,115
AAL $16 put	Sep 18, 2026	43d	$1.01	49.6%	2,481
AAL $16 put	Aug 7, 2026	1d	$0.17	53.9%	1,959
AAL $14 put	Aug 14, 2026	8d	$0.01	59.6%	1,772

See all active AAL contracts →

Explore AAL Options Statistics

AAL Implied Volatility

44.8% ATM IV (30d)

An IV rank of 27 places implied volatility in the lower part of its 52-week range.

Full implied volatility analysis →

AAL Open Interest

1.67 put/call OI ratio

773,216 calls and 1,294,031 puts outstanding across all expirations.

Full open interest analysis →

AAL Max Pain

$15 max pain

6.6% below the last close — see how max pain has moved over the past year.

Full max pain analysis →

AAL Gamma Exposure

$607.27M net GEX

Positive dealer gamma — hedging currently leans against price swings.

Full gamma exposure analysis →

AAL Options Volume

45,926 contracts traded

Put/call volume ratio 0.86 — plus contracts running far above their usual volume.

Full volume & flow analysis →

AAL Most Active Options

$16 top volume strike

The 25 most actively traded AAL contracts with price, IV, greeks, and volume vs. average.

Full active contracts analysis →

Upcoming Earnings

AAL's next expected earnings date is Oct 21, 2026. Options currently price a ±$1.06 (±6.6%) move for the front expiration.

Explore the payoff profile of option on AAL for free

Build multi-leg AAL strategies, visualize payoffs, and scan the full US options universe with OptiView.

Open AAL in the platform Scan options

AAL Options FAQ

When is AAL's next earnings date?

AAL's next expected earnings date is Oct 21, 2026. Options currently price a ±$1.06 (±6.6%) move for the front expiration.

How often is AAL options data on this page updated?

All AAL statistics on this page are computed by OptiView from delayed OPRA options data and refresh every trading day after the session close.

Where can I see AAL max pain, open interest, and implied volatility in detail?

OptiView publishes dedicated AAL pages for implied volatility, max pain, open interest, gamma exposure, options volume, and the most active contracts — each with charts, history, and a plain-English explanation of what the numbers mean.

Methodology. IV rank compares the current 30-day at-the-money implied volatility with its highest and lowest values over the past 52 weeks. Max pain is the strike that minimizes the total payout to option holders at expiration. The call and put walls are the strikes carrying the largest call and put open interest across all expirations. Net gamma exposure (GEX) is measured from the dealer perspective. All statistics are derived from delayed OPRA options data.

Options trading involves significant risk, and losses can exceed your initial investment. Always consult a licensed financial professional before making investment decisions. OptiView does not provide financial advice; all figures on this page are descriptive statistics, not recommendations.