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Spirit Airlines call volume above normal and directionally bullish

Bullish option flow detected in Spirit Airlines with 15,265 calls trading, 8x expected, and implied vol increasing almost 2 points to 48.54%. Jan-24 20 calls and Jan-24 30 calls are the most active options, with total volume in those strikes near 10,100 contracts. The Put/Call Ratio is 0.02. Earnings are expected on October 25th.

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