Smart Money Is Making Significant Moves in Alaska Air Group Options

Recently, major investors, often referred to as "whales", have shown a strong bullish outlook on Alaska Air Group (NYSE: ALK). This optimism is reflected in the options trading history of the company.

Over the past period, we have identified a total of 9 trades related to Alaska Air Group. Analysis of these trades indicates that approximately 55% of the investors took a bullish position, expecting the stock's value to increase. In contrast, about 33% have shown bearish sentiments.

The trades included 4 put options valued at $157,126 and 5 call options with a total value of $2,150,850, which highlights the significant confidence in the company's potential growth.

Anticipated Price Movement

Evaluating the volume and open interest of the options paints a clearer picture of where the big players see Alaska Air Group's price heading. The analysis suggests a price range between $52.50 and $57.50 for the airline in the last quarter.

Volume & Open Interest Analysis

Understanding volume and open interest is crucial in options trading, as these metrics indicate market liquidity and the level of investor engagement at specific strike prices. The upcoming details will illustrate fluctuations in volume and open interest linked to significant trades in Alaska Air Group's options, concentrated around the $52.50 to $57.50 strike price range over the previous 30 days.

Recent Options Activity: A Snapshot

Symbol	PUT/CALL	Trade Type	Sentiment	Exp. Date	Ask	Bid	Price	Strike Price	Total Trade Price	Open Interest	Volume
ALK	CALL	TRADE	BULLISH	05/16/25	$3.1	$2.9	$3.1	$55.00	$2.0M	98	6.5K
ALK	PUT	TRADE	BULLISH	06/20/25	$4.7	$4.6	$4.6	$52.50	$46.4K	199	102
ALK	PUT	TRADE	BULLISH	07/18/25	$5.3	$5.2	$5.2	$52.50	$45.7K	65	94
ALK	CALL	TRADE	BEARISH	06/20/25	$4.1	$4.0	$4.0	$55.00	$40.4K	302	105
ALK	PUT	SWEEP	BEARISH	10/17/25	$8.0	$7.8	$7.9	$55.00	$38.7K	213	57

Overview of Alaska Air Group

Alaska Air Group Inc operates two primary airlines, Alaska Airlines and Horizon Air, segmented into three operating areas. The Alaska Airlines segment provides scheduled air transportation using Boeing and Airbus jet aircraft for both passengers and cargo across the U.S. and parts of Mexico and Costa Rica. The Regional segment consists of Horizon and third-party carriers, offering scheduled flights mainly in the U.S. and Canada under capacity purchase agreements. Additionally, the Hawaiian Airlines segment delivers scheduled air service on Boeing and Airbus aircraft for passengers and cargo.

Next, we will evaluate the current market standing of Alaska Air Group, assessing its performance and positioning.

Current Status of Alaska Air Group

• The stock volume stands at 3,002,331, with ALK shares down by 1.1% priced at $52.27.
• The relative strength index (RSI) suggests that the stock may be in an oversold condition.
• Upcoming earnings announcements are expected in 27 days.

Analyst Ratings for Alaska Air Group

In the past month, three analysts provided ratings for Alaska Air Group, resulting in an average target price of $81.67.

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Analysts appear consistent in their evaluations, with a Buy rating from UBS at a target price of $75, a Buy from Citigroup with a target of $81, and an Overweight rating from JP Morgan with a target of $89.

While options trading carries more risk compared to direct stock trading, it also offers higher potential rewards. Investors actively participating in options trading commonly mitigate this risk through education, strategic trade management, and by monitoring multiple indicators and market movements.

For those interested in tracking Alaska Air Group’s options activity, real-time alerts are available through dedicated platforms.

Options, Alaska, Investors