Airliner American Airlines (AAL) is up 12% over the past year, with half that gain coming following the company’s latest earnings report. One trader sees shares continuing higher over the coming weeks. That’s based on the November 29 $13 calls. With 42 days until expiration, 71,983 contracts traded compared to a prior open interest of 192, for a 375-fold rise in volume on the trade. The buyer of the calls paid $0.82 to make the bullish bet. American Airlines recently traded for just under $13, making this an at-the-money trade. Shares are still well below their 52-week high of $16.15...
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