Bearish flow noted in Spirit Airlines with 2,093 puts trading, or 3x expected. Most active are Mar-23 15 puts and Feb-23 19.5 calls, with total volume in those strikes near 2,500 contracts. The Put/Call Ratio is 1.51, while ATM IV is up over 5 points on the day. Earnings are expected on May 3rd.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on SAVE:
- Spirit Airlines put volume heavy and directionally bearish
- Spirit Airlines Expects to Hear from the DOJ Soon on JBLU Deal
- Spirit Airlines Reports Fourth Quarter and Full Year 2022 Results
- Spirit Airlines reports Q4 adjusted EPS 12c, consensus 4c
- Spirit Airlines options imply 5.1% move in share price post-earnings