0.01Open0.01Pre Close0 Volume104 Open Interest4.50Strike Price0.00Turnover393.01%IV96.09%PremiumOct 4, 2024Expiry Date0.00Intrinsic Value100Multiplier3DDays to Expiry0.01Extrinsic Value100Contract SizeAmericanOptions Type0.0361Delta0.1010Gamma230.00Leverage Ratio-0.0081Theta0.0000Rho8.29Eff Leverage0.0002Vega
RoNo : October 20 is the big day. Either debt term is renegotiated or Elevon pulls the plug on credit card processing .
QMengColdJoke RoNo : I believe announcement in July said they roll over agreement for another year. Chill
RoNo QMengColdJoke : Learn:
The agreement between Spirit Airlines and Elavon, the credit card processor, was detailed in Spirit’s Form 8-K filing with the SEC, dated September 10, 2024. This filing describes an amendment to extend the agreement’s deadline for Spirit Airlines’ senior secured notes until October 21, 2024. If the company fails to extend or refinance these notes by that date, the agreement will revert to its original expiration date of December 31, 2024. This modification followed earlier changes that extended the term of the credit card processing agreement through December 31, 2025, with provisions for automatic extensions.