InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
AI Subscribe Login/Register account icon
S&P 500
5,436.44
(
-0.50%
)
US TECH 100
18,394.40
(
-0.87%
)
Dow Jones
40,743.33
(
0.50%
)
Brent Oil
78.92
(
0.45%
)
Bitcoin
66,142.69
(
-0.04%
)
Post# of 114826
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Keep Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

researcher59

Send PM Follow Ignore
Followers 321
Posts 32054
Boards Moderated 22
Alias Born 12/30/2004

researcher59

Member Level

Re: None

Wednesday, 11/22/2023 3:26:56 PM

Wednesday, November 22, 2023 3:26:56 PM

Post# of 114826
SAVE +.40 to 13.07, PUT premiums are through the roof on concerns the merger deal with Jetblue will be rejected and Spirit will have to file for bankruptcy .....

I just sold a few Jan $7.50 Puts for $1.42 .... cost basis on the stock is $6.08.

Here's an interesting article that concludes with probabilities for various outcomes and accordingly places fair value at $15.50 -

https://seekingalpha.com/article/4653193-spirit-airlines-if-merger-fails-whats-next
Public Reply Private Reply New Post
Keep Last Read
Keep Last Read Next 10 Report Keyboard Shortcuts
Next 10 Prev Next
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up