0.05Open0.05Pre Close0 Volume225 Open Interest16.50Strike Price0.00Turnover3703.78%IV5.02%PremiumAug 30, 2024Expiry Date0.00Intrinsic Value100Multiplier0DDays to Expiry0.05Extrinsic Value100Contract SizeAmericanOptions Type-0.1307Delta0.2837Gamma346.40Leverage Ratio-158.6095Theta0.0000Rho-45.28Eff Leverage0.0000Vega
RoNo : What’s the big news coming?
Justin Brewer OP 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 Brewer OP RoNo : Stay tuned…
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