Bullish option flow detected in Spirit Airlines with 6,708 calls trading, 1.0x expected, and implied vol increasing over 1 point to 123.96%. Nov-23 12.5 calls and Jan-24 5 puts are the most active options, with total volume in those strikes near 3,600 contracts. The Put/Call Ratio is 0.65. Earnings are expected on February 5th.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on SAVE:
- Spirit Airlines price target lowered to $13 from $16.50 at Citi
- DOJ urging judge to block JetBlue’s $3.8B purchase of Spirit, Reuters reports
- JetBlue ‘looks forward’ to defending case for Spirit deal, says CEO Hayes
- JetBlue says ‘not commenting’ on Spirit beyond what is in prepared remarks
- Spirit Airlines Stock (NYSE:SAVE) Falls as Merger Dream Fades Away