2.56Open2.56Pre Close0 Volume1 Open Interest5.00Strike Price0.00Turnover575.78%IV-6.09%PremiumOct 4, 2024Expiry Date2.70Intrinsic Value100Multiplier2DDays to Expiry0.00Extrinsic Value100Contract SizeAmericanOptions Type-0.9232Delta0.1347Gamma0.84Leverage Ratio-0.0244Theta-0.0003Rho-0.78Eff Leverage0.0003Vega
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.