Close Navigation
Learn more about IBKR accounts
2,000 Earnings Expiration Puts Trade in Air Lease Corporation (Symbol: AL)

2,000 Earnings Expiration Puts Trade in Air Lease Corporation (Symbol: AL)

OptionWatch:

Posted July 10, 2024 at 10:30 am

Jeff Praissman
Interactive Brokers

This morning 2,000 Air Lease Corporation (Symbol: AL) August 16th ’24 45 puts traded for $0.90. At the time of the option trade AL stock was trading at $47.13. The outs are a 30 delta, so the trade is the equivalent of 60,000 shares of stock. This was an opening trade with the trader most likely selling the puts since at the tie of the trade the NBBO was $0.60 / $2.55.

AL is expected to release earnings on August 1st so the trader may anticipate an upward stock move and profit from the option premium or be willing to take on a stock position in AL at the entry price of $45. AL earnings has surprised to the upside in six of the past eight earnings releases.

AL is currently trading at $46.86. AL has a 52-week high of $52.30 and a 52-week low of $33.01.

AL is currently trading at $46.86. AL has a 52-week high of $52.30 and a 52-week low of $33.01.

Source: IBKR TWS. Past performance is not indicative of future results

Join The Conversation

For specific platform feedback and suggestions, please submit it directly to our team using these instructions.

If you have an account-specific question or concern, please reach out to Client Services.

We encourage you to look through our FAQs before posting. Your question may already be covered!

Leave a Reply

Disclosure: Interactive Brokers

The analysis in this material is provided for information only and is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security. To the extent that this material discusses general market activity, industry or sector trends or other broad-based economic or political conditions, it should not be construed as research or investment advice. To the extent that it includes references to specific securities, commodities, currencies, or other instruments, those references do not constitute a recommendation by IBKR to buy, sell or hold such investments. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.

The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Interactive Brokers, its affiliates, or its employees.

IBKR Campus Newsletters

This website uses cookies to collect usage information in order to offer a better browsing experience. By browsing this site or by clicking on the "ACCEPT COOKIES" button you accept our Cookie Policy.