Spirit Airlines Option Alert: Jan 19 $25 Calls at the Ask: 1000 @ $1.18 vs 14961 OI; Earnings 10/25 After Close [est] Ref=$16.33
Portfolio Pulse from Charles Gross
Spirit Airlines has an option alert for January 19 $25 calls at the ask price of $1.18 for 1000 shares. This is compared to an open interest of 14961. The company's earnings are expected to be announced on October 25 after market close. The reference price is $16.33.
October 12, 2023 | 3:16 pm
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NEUTRAL IMPACT
Spirit Airlines has an option alert which could indicate increased trading activity. The earnings announcement on October 25 may also impact the stock price.
The option alert indicates that there may be increased trading activity for Spirit Airlines, which could lead to volatility in the stock price. The upcoming earnings announcement could also impact the stock price depending on whether the results meet, exceed, or fall short of expectations.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100