0.00Open0.00Pre Close0 Volume0 Open Interest9.00Strike Price0.00Turnover162.74%IV-35.48%PremiumAug 16, 2024Expiry Date4.95Intrinsic Value100Multiplier25DDays to Expiry0.00Extrinsic Value100Contract SizeAmericanOptions Type0.8939Delta0.0307Gamma2.61Leverage Ratio-0.0227Theta0.0049Rho2.33Eff Leverage0.0067Vega
RoNo : What’s the big news coming?
Justin BrewerOP RoNo: As I wrote, I believe either a settlement with the DOJ will be reached in June or a revised agreement between JBLU and SAVE will be put in place before the July expiration. That is the BIG news I expect will be coming, so I am loading up on the stock at the current prices.
RoNo : I wouldn’t think any of that happens before the appeal. In the best interest of spirit to hold jblu to the original deal through the appeal. I’d bet (as in I am betting) if the appeal fails Carl Icahn Is going to push Spirit into a corner. Pure uniformed spec but;-))I’m buying every dip.moomoo executes poorly. I had a limit order yesterday for 6.20 and it failed to execute. Good luck!
RoNo : It’s worth noting that short of an exogenous event it is unlikely Spirit would be forced into bankruptcy. They are addressing the debt issue with the lenders and a possible dilution of shares, implementing their cost reduction measures, and made it clear in the call that bankruptcy was not in the cards.
Justin BrewerOP RoNo: Stay tuned…
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