Spirit Airlines put volume heavy and directionally bearish

Bearish flow noted in Spirit Airlines with 6,167 puts trading, or 4x expected. Most active are Jan-24 10 puts and Oct-23 15 puts, with total volume in those strikes near 5,000 contracts. The Put/Call Ratio is 1.90, while ATM IV is up over 7 points on the day. Earnings are expected on October 25th.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

See today’s best-performing stocks on TipRanks >>

Read More on SAVE:

Disclaimer & DisclosureReport an Issue