US OptionsDetailed Quotes
SAVEQ241206C500
- 0.65
- 0.000.00%
15min DelayTrading Dec 2 14:25 ET
0.00High0.00Low
0.00Open0.65Pre Close0 Volume148 Open Interest0.50Strike Price0.00Turnover2382.95%IV41.80%PremiumDec 6, 2024Expiry Date0.31Intrinsic Value100Multiplier2DDays to Expiry0.34Extrinsic Value100Contract SizeAmericanOptions Type0.8775Delta0.1406Gamma1.41Leverage Ratio-0.0905Theta0.0000Rho1.24Eff Leverage0.0001Vega
Spirit Airlines Stock Discussion
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$Spirit Airlines (SAVEQ.US)$
airline will eject debt (800M) i believe i read.
they offered a new crested share clasd type in exchange for their prior shares. none of this seems unexpected to me ajd it is at the expense of all including retail. now , retail takes a loss but not the entire loss here right?
anything we hold right now eould slso in a worst case be swapped for shares in the post-chapter 11 entity or sm I wrong?
airline will eject debt (800M) i believe i read.
they offered a new crested share clasd type in exchange for their prior shares. none of this seems unexpected to me ajd it is at the expense of all including retail. now , retail takes a loss but not the entire loss here right?
anything we hold right now eould slso in a worst case be swapped for shares in the post-chapter 11 entity or sm I wrong?
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$Spirit Airlines (SAVEQ.US)$ not bankrupt or they would be shut down and sold.. just screwing shareholders
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I got in and got out. Hmmm this is moving way too uncertain. I got a feeling it’s going to be bouncing like a yoyo. The court proceedings post bankruptcy claims a restructuring plan. Hmm could this have legs?
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$Spirit Airlines (SAVEQ.US)$ be aware the news that came out after the market closed . The airline is not going away do your D D
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$Spirit Airlines (SAVEQ.US)$ who sold this cause i did at the tip of the ice berg…. 🧊🥶
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$Spirit Airlines (SAVEQ.US)$ A lot of speculative optimistic people and algorithms are buying. They do not understand how the shit works and compare with Hertz. Yes, I bought Hertz in otc and made some money, and Hertz ends up with buying out at 8. But that was 2020 and people speculate quick recover from pandemic, plus second hand cars price quickly raised. Also Hertz management has no choice in that time they had a debt principal payment in 2 months. Recall Macy’s was faci...
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$Spirit Airlines (SAVEQ.US)$ why cant i enter?
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$Spirit Airlines (SAVEQ.US)$ bought at $3.11 and then I went on a trip just to disconnect from regular life. Look what I ended up with lol
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QMengColdJoke : 1) Deal between board and debtors: debtors take over, inject no money, form new company and get shares in exchange of current debt, get new debentures equals to current debt notional just longer maturity (convertibles only get a fraction). Board keeps their job. Currently shareholders will own nothing.
2) Although some people say they asked lawyer can it is legal. However my experience is they cannot do in US law system without shareholders meeting. Typically board can sell company in relatively cheap price, can issue huge amount of new shares at market (very cheap) to Bond holders for conversion, can offer a mixed shelf to white knight who want to buy out maturing debt.
3) Judge can choose to ask new company has some of our shares. But number will vary. Decision will be made at least one month. Typically 3 months. (I won’t buy back my shares at this price, at least I’ll wait for 1 month so I got tax losses)