Bearish flow noted in Spirit Airlines with 3,102 puts trading, or 5x expected. Most active are Mar-23 15 puts and Feb-23 19 puts, with total volume in those strikes near 2,900 contracts. The Put/Call Ratio is 9.85, while ATM IV is up over 2 points on the day. Earnings are expected on May 3rd.
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Published first on TheFly
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