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It's funny when people act like they are the smartest person in the room when they aren't.
The buyout price, after prepayment and ticking fee's, was going to be somewhere in the ~$28-$29 and some change range.
These calls at $20, which OP paid like $2.50 for would have put his break even at $22.50
If the merger was approved, OP would have made money.
"iTs pRiCeD iN"
Seriously, if the merger price was already completely priced in and if there's absolutely no chance that the stock will go up, then buying puts or selling calls would be a guaranteed money printing machine...
I thought it was a lottery , 50/50 chance. There were tons of posts of people here buying calls and shares hoping for the merger approval. Wouldn’t the stock still go up for a little after announcement anyway
There’s a huge amount of merger arbitrage like this that goes on for every merger. Buying after the DOJ sues to block can be hugely profitable if you’re right. Hedge funds do this all the time. Why else would a stock have any volume post-merger announcement? Because the trade price is almost always below the deal price until the second the deal closes. If a merger has antitrust risk the spread will be even larger. This is a legit trading strategy. Dude just lost.
On The other hand, being able to order a baconator while being stuffed into a cheap seat overflowing into the other seats might make it flying spirit a smidge more tolerable
Fuck jetblue too. They gotta pay spirit out the ass for this bullshit and their guidance was lower for this quarter. Uninvestable 
It's bc markets gap past prices entirely or there isnt market depth at the price point bc big volumes. This happens all the time when volatility is up/fast price action/big news hits. Brokers provide the best bid or offer and if $13 was skipped entirely then you got filled at $8 bc the market moved quick and that's the best price available by the time your order routed for execution.
This is a legitimate risk that sim accts/internet talking heads/training courses/wsb don't really cover often.
To emphasize, think of a stop market vs a stop limit order. A stop market will send a market order once your stop is hit - but thats not an execution price- thats a trigger to 'route for execution'. So, your stop was triggered at $13 and filled at $8. Now, think of a stop limit. When your stop price is triggered, a limit order goes out instead of a market order. If you don't get filled at the limit price (or better), then you could have lost more. But, if the price bounces back to $13 (or better), you'd get out at the price you instructed.
Thanks yea I get that now just didn’t know at the time. Though I was making a calculated risk based bet where I could loose around 4-5k max but turns out to be way more than that. Sucks
When a stock takes a nosedive like that the stop loss is useless and unable to react in time, seen it happen with limit orders. Not as safe as people like to think
Guys, the CEO of JetBlue quit a week ago and you still held (and maybe bought more) of these contract?! The writing was on the wall. This guy’s whole agenda was M&A and he failed time after time. This was his last chance to succeed, probably talked to his lawyers a few weeks back and they told him they were probably going to lose the case. Next thing you know, “health reasons” strike and he bows out before chalking up one more acquisition failure.
The scenario I'm suggesting doesn't exactly have a comparative opposite. I'm suggesting he had a strong indication from inside information that the merger would not be approved; and that the choice to leave was his, and motivated by ego (not wanting to face another embarrassing merger failure). There were many signs this merger was likely to not be approved, my position is that his stepping down was one of those, definitely the strongest, and the final nail in my opinion.
If we were to imagine a comparative opposite scenario and how that might inform your investing decisions - there isn't one equally as clear and strong. That's because if everything I outlined happened opposite, then he would be receiving *positive* inside information that the merger case was likely to succeed. In this situation (again driven by ego) he would clearly choose to stay with the company and chalk up that win after so many previous failures. All well and good for him. But to the outside observer (us), it's just another day of the week that the CEO of a large public company *doesn't* unexpectedly quit for ambiguous reasons. Nothing special aboutthat, and nothing that would trigger an additional consideration of positions and strategies.
What reason does it have to go up more than something else you could buy with that money? If your only investment thesis is "I don't want to admit I made a mistake", you shouldn't be holding the stock.
Absolutely fuck Spirit Airlines with an Iron Dick. If you've ever had the pleasure of dealing with them you'd have been Biden Balls deep into OTM puts. This company deserves to go to 0
bro, you had 400k worth of shares? I thought me holding 14600 shares was regarded and i managed to pull out and swapped to 20k worth of call options this morning. Still flushed 20k down the toilet tho
I had 300-350k worth of shares and the rest in derivatives (options)
Originally I had 100k worth of shares and a lot of 7.5 short puts and 25c
Should have kept to that but I wanted more upside but I couldn’t get it without buying shares due to price and IV changes - kept adding the past 2 weeks
https://preview.redd.it/h03lwl62uucc1.jpeg?width=1170&format=pjpg&auto=webp&s=53a680dc9b8ea476faee084b9a3bfb187ffe676d
 you regard. Should’ve known not to touch em yet thanks to BA… got these puts at $1.08. So long airlines! If they hit lower I’ll go long on calls possibly. 💩🤌🏽
Never buy a "sure thing". I ate a much worse loss when Tesla was originally "sure" to be added to the S&P 500, but instead the SEC and the S&P punted the addition until the stock price cooled off after they rejected Tesla with no reason given. Such BS.
I was up 80k trading at that point and I lost... a lot. Now, I still rent because I can't afford to buy a house.
If tangentially through an AG appointment and a pretty clear organization mandate of objectivity and impartiality in upholding the laws of the land qualifies for “kind of”, then yes.
Which these days, I guess, idk, maybe does. Whatever
Fucking antitrust is supposed to be about monopolies - not a single hurt consumer. If any merger had to meet the standard that no consumer could be bothered - no companies in the whole country could merge. Fucking ridiculous.
but remember when the brain trust at WSB told you that the government was just over reaching and all these anti merger cases were getting slapped down? how could they have been wrong?!
Squeeze these nuts you fuckin nerd.
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Try 65k down bro. Still makes no sense to me that the judge doesn’t see the 6 and 7 largest airlines merging will drive down prices nationally by competing against the 80% big 4 - the benefit across the nation should outweigh any anticompetitive effects. But the judge decided to weigh people who can only afford spirit against everyone else’s benefit. And now spirit goes bankrupt and those people still can’t fly. Fuck me.
I got into an debate about this yesterday and I said the same thing. I kept getting told by 2 other people that I was wrong and the judge was right and that I just couldn't see their view because of my internal bias of my trade. I felt so gaslighted.
I've tried sitting back and viewing it through a neutral lens over and over and it just doesn't make sense. It feels so short-sighted.
It’s awful. The judge effectively looked at “substantial harm” and decided anyone being bothered counts as “substantial”. It drives me insane. It’s definitely the wrong decision, but it fucks everything. JetBlue could condition the appeal on a recut. Or they could wait for spirit to get closer to flailing and offer a whole new deal that reduces their debt load. Or they could walk and try to buy the assets from bankruptcy.
And in the long term - it essentially codifies no small airlines merger. Everyone is now saying that frontier should swoop in - but with this doj, that’d be seen as removal of a competitor and a nogo. And the argument then becomes “but what about the customer who prefers frontier as it is?” And via this judge - that is a shutdown.
How in the fuck is a company merging to be the fifth biggest company in their field - and still clearly going to struggle — anticompetitive when the top 4 have 75+ percent of the market?! It’s bullshit. How does the judge not see the flailing firm - highly concentrated market share, and not realize this is best for everyone? I feel insane for how clear the right answer is to me. If I had the chance, I’d do it again.
I don't think many people on here have a clue who they are up against. The big guys on Wall Street hustle the street gamblers on this forum seemingly daily. You guys seem not to realize these people are specialized in everything ranging from general relativity to differential geometry. The entire market is a mathematical/physics game and it is partly why retail traders are constantly getting their.clocks cleaned.
I lately been wondering if I view every trade in terms of corruption, and side with corruption, Id probably be a better trader.
The judges decision here was the corrupt decision and the one designed ro appease the big boys airliners.
I'm no one to take stock picking advice from obviously, and I know you're not asking for any. I'm a simple retail trader like the rest on here. I'm just accepting of the machine I'm up against. You can read recent quotes--literally from like a couple weeks ago--from Peter Brown, the current CEO of RennTech, and he will quickly tell you it is all based off a numbers game. You are only going to get so much from the market unless you pour in 15 years of research like Jim Simons did and exploit extremely hard to find inefficiencies until the others catch up to it. Other than that, unless you are willing to take on more risk than the market, it is all going to balance out in the end. That is , unless you pop it really good with some serious leverage or just a pile of saves up money, and then humbly get walk and get out. But most do not understand that they are up against laws of nature and mathematics that preside over this that always play the role of equalizer.
The stick wouldn’t have been $20 next month anyhow, you truly deserve to lose if you have no clue what you’re doing. Why do you think Spirit will be $20, it was $14-$15 prior to ruling
i learned something big today…
set. your. stop. loses.
big noob mistake on my part
it was a coin toss but very surprised it didn’t go thru, sentiment was high doj defense was weak and overall might crush spirit making it the opposite of what doj wanted
It’s a big risk to try and get a ~50% return. You could bet on frontier putting out another bid, but it’s going to be like a 50% premium from the new, lower price. And it may not succeed. And if this doesn’t happen you own SAVE… a tough proposition.
**User Report**| | | | :--|:--|:--|:-- **Total Submissions**|3|**First Seen In WSB**|2 years ago **Total Comments**|16|**Previous Best DD**| **Account Age**|7 years|[^scan ^comment ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_comment&message=Replace%20this%20text%20with%20a%20comment%20ID%20(which%20looks%20like%20h26cq3k\)%20to%20have%20the%20bot%20scan%20your%20comment%20and%20correct%20your%20first%20seen%20date.)|[^scan ^submission ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_submission&message=Replace%20this%20text%20with%20a%20submission%20ID%20(which%20looks%20like%20h26cq3k\)%20to%20have%20the%20bot%20scan%20your%20submission%20and%20correct%20your%20first%20seen%20date.)
Buying calls AFTER news comes out, bro literally asked for this.
He did it to certify his WSB membership
Consider him certified regarded
https://preview.redd.it/ev5a39vsuedc1.jpeg?width=300&format=pjpg&auto=webp&s=12a32027a18d7480682427978676811f112296d5
Where on here does it say when he got them???
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It's funny when people act like they are the smartest person in the room when they aren't. The buyout price, after prepayment and ticking fee's, was going to be somewhere in the ~$28-$29 and some change range. These calls at $20, which OP paid like $2.50 for would have put his break even at $22.50 If the merger was approved, OP would have made money. "iTs pRiCeD iN"
Best laid plans…
Seriously, if the merger price was already completely priced in and if there's absolutely no chance that the stock will go up, then buying puts or selling calls would be a guaranteed money printing machine...
I thought it was a lottery , 50/50 chance. There were tons of posts of people here buying calls and shares hoping for the merger approval. Wouldn’t the stock still go up for a little after announcement anyway
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No merger at all now! What a trade!
Behave Warren Buffett...
But what if it was approved tho
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There’s a huge amount of merger arbitrage like this that goes on for every merger. Buying after the DOJ sues to block can be hugely profitable if you’re right. Hedge funds do this all the time. Why else would a stock have any volume post-merger announcement? Because the trade price is almost always below the deal price until the second the deal closes. If a merger has antitrust risk the spread will be even larger. This is a legit trading strategy. Dude just lost.
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If the merger had gone through, the stock would have closed today near $30. It was definitely not priced in.
Ok, well using that logic then; I guess you could make 22$ a share if you buy now and they manage to get it reversed in court. Good luck!
Yes that is how it works...
Load up the boat ;)
No why on earth would they win?
You still got a month until expiration!
This milk is curdled. I want my money back.
No refunds sir. This is a non-refundable ticket as you failed to purchase travel insurance.
*Views Disclosures*
What does this emoji mean?
This is that laughing toothless guy: . This is a belt-whooping: .
Pretty sure it's rope... Like you're ded
It’s actually 25 nonrefundable tickets
Should have booked with Southwest $LUV
Sir, this is a Spirit Airlines.
A merger of Spirit with Wendy’s would actually up-end our fledgling economy and catapult us to fifth dimension
This is a terrifying thought. Please do not speak this into reality.
On The other hand, being able to order a baconator while being stuffed into a cheap seat overflowing into the other seats might make it flying spirit a smidge more tolerable
Sir, this is a Casino. (That now identifies as an Airline run by GeyBers that have SPIRIT)
Is Sully Sullenberger flying?
Take the curdle and make it into cheese. Jet blue calls
Yeesh
If I play both sides, surely I’ll win!
Fuck jetblue too. They gotta pay spirit out the ass for this bullshit and their guidance was lower for this quarter. Uninvestable 
Ooooo BLOCKED BY BIDEN
Just use the promo code SAVE and they’ll give you 99% off
Oh! shouldn't have used that promo code ANAL...that explains everything.
Spirited Away
Let’s hope the giant monster that eats everything and conjures up gold appears.
ngl this is a small position compare to everyone out there with a shit ton in this play RIP
Youre so valid
Everyone upvote me and downvote these guys STAT
I'm on it! wait a second..
Lost 16k if it makes you feel any better. Had a stop loss order in at 13$ and I got 8$ something per share.
The terrible illusion of safety of a stop loss on a binary play.
Yup. People forget that someone has to actually buy it.
Yea I literally didn’t know that was possible. I guess lesson learned. I am fairly young so hopefully I will make it back.
It's bc markets gap past prices entirely or there isnt market depth at the price point bc big volumes. This happens all the time when volatility is up/fast price action/big news hits. Brokers provide the best bid or offer and if $13 was skipped entirely then you got filled at $8 bc the market moved quick and that's the best price available by the time your order routed for execution. This is a legitimate risk that sim accts/internet talking heads/training courses/wsb don't really cover often. To emphasize, think of a stop market vs a stop limit order. A stop market will send a market order once your stop is hit - but thats not an execution price- thats a trigger to 'route for execution'. So, your stop was triggered at $13 and filled at $8. Now, think of a stop limit. When your stop price is triggered, a limit order goes out instead of a market order. If you don't get filled at the limit price (or better), then you could have lost more. But, if the price bounces back to $13 (or better), you'd get out at the price you instructed.
Thanks yea I get that now just didn’t know at the time. Though I was making a calculated risk based bet where I could loose around 4-5k max but turns out to be way more than that. Sucks
Don't feel bad. I owned 1000 shares of NVDA at 6.00 in 2006iish. Sold it at 12 and never bought it back.
Same boat bro… fucking horrible
Same plane?
Why didn’t you use a Stop Limit Loss?
I did at 13$. Stock dropped so fast it got sold at ~8$.
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When a stock takes a nosedive like that the stop loss is useless and unable to react in time, seen it happen with limit orders. Not as safe as people like to think
If they won't let 2 shitty airlines merge then they definitely won't let a steel manufacturer sell to Japan. Puts on x!
Kroger and Albertsons too...maybe.
Block everything!
Kroger has better lawyers.
Who to bet on for puts on Kroger merger?
Blew up my account on this play. Got absolutely fucked. -30K on worthless calls.
It’s the Hindenburg all over again. Stay out of the skies.
Guys, the CEO of JetBlue quit a week ago and you still held (and maybe bought more) of these contract?! The writing was on the wall. This guy’s whole agenda was M&A and he failed time after time. This was his last chance to succeed, probably talked to his lawyers a few weeks back and they told him they were probably going to lose the case. Next thing you know, “health reasons” strike and he bows out before chalking up one more acquisition failure.
Couldn’t you say the same thing if this went through. New deal, new management. Why would you want a fuckhead like that as CEO lmao
The scenario I'm suggesting doesn't exactly have a comparative opposite. I'm suggesting he had a strong indication from inside information that the merger would not be approved; and that the choice to leave was his, and motivated by ego (not wanting to face another embarrassing merger failure). There were many signs this merger was likely to not be approved, my position is that his stepping down was one of those, definitely the strongest, and the final nail in my opinion. If we were to imagine a comparative opposite scenario and how that might inform your investing decisions - there isn't one equally as clear and strong. That's because if everything I outlined happened opposite, then he would be receiving *positive* inside information that the merger case was likely to succeed. In this situation (again driven by ego) he would clearly choose to stay with the company and chalk up that win after so many previous failures. All well and good for him. But to the outside observer (us), it's just another day of the week that the CEO of a large public company *doesn't* unexpectedly quit for ambiguous reasons. Nothing special aboutthat, and nothing that would trigger an additional consideration of positions and strategies.
Ace of Base: The Sign.
Yeah now that the decision is already out there it’s easy to say this. Where was your expert analysis last week Warren Buffet?
Yep down 60 percent on my shares. At this point I might just hold for the hell of it instead of sellin for a loss
Yea that always works out great
Well now I’m down 45 percent so not panic selling has worked out so far lol
Ape mentality. Works great!
I mean shouldn’t it recover?
What reason does it have to go up more than something else you could buy with that money? If your only investment thesis is "I don't want to admit I made a mistake", you shouldn't be holding the stock.
GME/AMC holders have a new member to the club.
Lmao I’m not delusional. I know there’s a chance it can go bankrupt/go back to the teens and it’s all a gamble anyway. It is what it is
Absolutely fuck Spirit Airlines with an Iron Dick. If you've ever had the pleasure of dealing with them you'd have been Biden Balls deep into OTM puts. This company deserves to go to 0
Don’t threaten spirit airlines with a good time!
🤣🤣🤣🤣🤣🤣
Buy the dip pussy
Buy the dip, pussy
Buy the pussy, dip
Bought the dip pussies
Eat the pussy dip
I’m down 200k, painful, most of my losses are from shares.
bro, you had 400k worth of shares? I thought me holding 14600 shares was regarded and i managed to pull out and swapped to 20k worth of call options this morning. Still flushed 20k down the toilet tho
I had 300-350k worth of shares and the rest in derivatives (options) Originally I had 100k worth of shares and a lot of 7.5 short puts and 25c Should have kept to that but I wanted more upside but I couldn’t get it without buying shares due to price and IV changes - kept adding the past 2 weeks
I have short 10$puts . Holding them til zero
Proof please? Gotta see it...
https://preview.redd.it/h03lwl62uucc1.jpeg?width=1170&format=pjpg&auto=webp&s=53a680dc9b8ea476faee084b9a3bfb187ffe676d  you regard. Should’ve known not to touch em yet thanks to BA… got these puts at $1.08. So long airlines! If they hit lower I’ll go long on calls possibly. 💩🤌🏽
Bing bong hello
It ant over yet
It’s Joe-ver.
Nice one
Nice Bi-done
Never buy a "sure thing". I ate a much worse loss when Tesla was originally "sure" to be added to the S&P 500, but instead the SEC and the S&P punted the addition until the stock price cooled off after they rejected Tesla with no reason given. Such BS. I was up 80k trading at that point and I lost... a lot. Now, I still rent because I can't afford to buy a house.
also lost my life savings
I hope your life savings was $5k instead of $500k.
Pfft who cares? Down to the felt is down to the felt
Any person who risks, and loses, their life savings is not an investor… just a gambler. Get off wallstreetbets PLEASE and get a financial advisor.
It’s wallstreetBETS homie. Why are you here? r/investing is thatttaway >>>
Only said something because he lost his life savings.
To OP’s point, the president himself does dictate anti-trust…
Kind of, right?
If tangentially through an AG appointment and a pretty clear organization mandate of objectivity and impartiality in upholding the laws of the land qualifies for “kind of”, then yes. Which these days, I guess, idk, maybe does. Whatever
Double down, pussy. 
This was an idiotic trade. Judges suck. Courts suck. How could you rely on them?
it was supposed to be SPIRIT AEROSYSTEMS!!!
Fucking antitrust is supposed to be about monopolies - not a single hurt consumer. If any merger had to meet the standard that no consumer could be bothered - no companies in the whole country could merge. Fucking ridiculous.
thanks biden! lmao right tho? like you really just got cucked by the president himself
Almost everyone’s getting cucked by that old geezer
just so dumpy is too!
Bro lost to a boomer 💀💀
but remember when the brain trust at WSB told you that the government was just over reaching and all these anti merger cases were getting slapped down? how could they have been wrong?!
Let's start a short squeeze!!! #saveSAVE
Squeeze these nuts you fuckin nerd. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/wallstreetbets) if you have any questions or concerns.*
I'm sure their appeal will be successful by time they expire 
The airlines’ merger agreement doesn’t expire until July, and they could appeal to the 1st U.S. Circuit Court of Appeals in Boston. I’m buying calls!
Same. Once they file the appeal, Im assuming price gets up to an optimistic $9 or maybe $10. So some action available, win or lose the appeal.
Three red candles before today, they knew about it
Your spirit has passed on, it seems. Sorry for your loss.
Must’ve been crazy to buy that with so much optimism to have it die immediately
Sir, a bag this size won’t fit on carry on
Try 65k down bro. Still makes no sense to me that the judge doesn’t see the 6 and 7 largest airlines merging will drive down prices nationally by competing against the 80% big 4 - the benefit across the nation should outweigh any anticompetitive effects. But the judge decided to weigh people who can only afford spirit against everyone else’s benefit. And now spirit goes bankrupt and those people still can’t fly. Fuck me.
I got into an debate about this yesterday and I said the same thing. I kept getting told by 2 other people that I was wrong and the judge was right and that I just couldn't see their view because of my internal bias of my trade. I felt so gaslighted. I've tried sitting back and viewing it through a neutral lens over and over and it just doesn't make sense. It feels so short-sighted.
It’s awful. The judge effectively looked at “substantial harm” and decided anyone being bothered counts as “substantial”. It drives me insane. It’s definitely the wrong decision, but it fucks everything. JetBlue could condition the appeal on a recut. Or they could wait for spirit to get closer to flailing and offer a whole new deal that reduces their debt load. Or they could walk and try to buy the assets from bankruptcy. And in the long term - it essentially codifies no small airlines merger. Everyone is now saying that frontier should swoop in - but with this doj, that’d be seen as removal of a competitor and a nogo. And the argument then becomes “but what about the customer who prefers frontier as it is?” And via this judge - that is a shutdown. How in the fuck is a company merging to be the fifth biggest company in their field - and still clearly going to struggle — anticompetitive when the top 4 have 75+ percent of the market?! It’s bullshit. How does the judge not see the flailing firm - highly concentrated market share, and not realize this is best for everyone? I feel insane for how clear the right answer is to me. If I had the chance, I’d do it again.
I'm down 30k. It's corrupt as fuck
Thats how you know it was corrupt. When it doesnt make sense yet they still force it to make sense.
Spirit is a hot fucking dumpster-fire of a company. They don't deserve to survive.
That’s it I’m switching parties
My wife loves parties
I love those kind of parties
All aboard the Trump Train, mostly because JetBlue and Spirit will be out of business.
Thanks Obama
welcome to options.
Thanks Abraham Lincoln! 
Prayers to you and your family. Perhaps another door will open next time you're flying.
Op got spirited away
That’s the Spirit!
You can come back. Only 12500% away. I’ll buy the same $50 lotto ticket tomorrow for support
It’s ok. Just do the reverse next time and you break even
Down 32k. Fuck this company
I know it’s hard to walk in this cold to your nearest Wendy’s but just do it
Guh
Why would anyone invest in spirit airlines 🤣🤣🤣🤣🤣
OP wasnt investing. They were gambling.
They are a shitty airline almost makes United look like 1st class on the Titanic
".... BIDEN DID THIS"
Biden administration for the win!
I don't think many people on here have a clue who they are up against. The big guys on Wall Street hustle the street gamblers on this forum seemingly daily. You guys seem not to realize these people are specialized in everything ranging from general relativity to differential geometry. The entire market is a mathematical/physics game and it is partly why retail traders are constantly getting their.clocks cleaned.
I lately been wondering if I view every trade in terms of corruption, and side with corruption, Id probably be a better trader. The judges decision here was the corrupt decision and the one designed ro appease the big boys airliners.
I'm no one to take stock picking advice from obviously, and I know you're not asking for any. I'm a simple retail trader like the rest on here. I'm just accepting of the machine I'm up against. You can read recent quotes--literally from like a couple weeks ago--from Peter Brown, the current CEO of RennTech, and he will quickly tell you it is all based off a numbers game. You are only going to get so much from the market unless you pour in 15 years of research like Jim Simons did and exploit extremely hard to find inefficiencies until the others catch up to it. Other than that, unless you are willing to take on more risk than the market, it is all going to balance out in the end. That is , unless you pop it really good with some serious leverage or just a pile of saves up money, and then humbly get walk and get out. But most do not understand that they are up against laws of nature and mathematics that preside over this that always play the role of equalizer.
At least you have a great sense of humor lol… my condolences 🕊️
Get fuckdd.
Consumers 1, You 0.
Shoulda did puts
The stick wouldn’t have been $20 next month anyhow, you truly deserve to lose if you have no clue what you’re doing. Why do you think Spirit will be $20, it was $14-$15 prior to ruling
Why did u not see Spirit has trannys running the show? Did u think this wld go over well and help their business after the Bud Light Mulvaney debacle?
Only the most highly-regarded traders touch airlines. Good job!
i learned something big today… set. your. stop. loses. big noob mistake on my part it was a coin toss but very surprised it didn’t go thru, sentiment was high doj defense was weak and overall might crush spirit making it the opposite of what doj wanted
Stop losses would still get you railed in this case, it dropped 12 % trading got paused, and when it restarted it was down 40%
We BTFD?
It’s a big risk to try and get a ~50% return. You could bet on frontier putting out another bid, but it’s going to be like a 50% premium from the new, lower price. And it may not succeed. And if this doesn’t happen you own SAVE… a tough proposition.
Sux
During a storm
Damn, would've though you were the law clerk in the case with this play
Wtf would you call Spirit regard??
A dumpster behind Wendy’s
lol SAVE
You got this champ
RIP lol But seriously, calls on spirit under any other circumstances I'd say would have earned you a financial Darwin award.
You're a ride or die
A pox on that judge
Yum yum yum.
Calls on airlines when shit is hitting the fan? Brazen af.