2.05Open2.05Pre Close0 Volume16 Open Interest15.00Strike Price0.00Turnover95.42%IV7.17%PremiumAug 16, 2024Expiry Date1.05Intrinsic Value100Multiplier25DDays to Expiry1.00Extrinsic Value100Contract SizeAmericanOptions Type-0.5603Delta0.1131Gamma6.98Leverage Ratio-0.0263Theta-0.0059Rho-3.91Eff Leverage0.0145Vega
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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