This Is What Whales Are Betting On Spirit Airlines
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors are showing a bullish interest in Spirit Airlines (NYSE:SAVE), with significant options activity indicating potential price movements. The options activity is predominantly bullish, with 7 calls and 3 puts, suggesting a price range of $1.0 to $5.0. Despite a recent price increase, expert opinions remain negative, with a target price of $1.5.
October 23, 2024 | 7:15 pm
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Spirit Airlines sees significant bullish options activity, with 7 calls and 3 puts, indicating a potential price range of $1.0 to $5.0. Despite a 45.26% price increase, analysts maintain a negative outlook with a $1.5 target.
The substantial options activity, with a majority of calls, suggests investor optimism about Spirit Airlines' short-term price movements. However, the analyst's negative rating and lower price target indicate caution. The recent price surge and RSI nearing overbought levels add complexity to the outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100