I predict that Spirit Airlines will probably drop as much as 50% its current price following earnings due to 'going concerns'. I also predict that they will receive an investor who will eliminate its 1.1 billion loyalty bond debt due September 2025 during afterhours trading on the day after earnings are released.
If my prediction is correct, the best way to capitalize on this is to close any put options placed before Spirit Airlines earnings release during market open and then limit order 7.5 strike leap options expiring January 2026 at 15-20 dollars per contract right before the stock plunges and receives a volatility halt.
Spirit Airlines will have significant downside following August earnings
byu/Optimal_Land7816 inwallstreetbets
Posted by Optimal_Land7816
8 Comments
You should go to the hospital. I think you’re having a stroke.
They’re under a 400 million market cap. Their placements in airport terminals alone are worth more than that. If they go down from here, it’s because they go bankrupt.
This shit is so hyper specific you have to know something we don’t cause wtf
When it comes to Spirit Airlines “downsides” is the expected default position. It becomes newsworthy if they had anything good to report 
This guy definitely just had a shitty experience on spirit. Never been a reason for them to go down, why would it be different now?
Ok insider
Calls it is
Calls it is. Got me 156x 08/16/2024 10.00 C.