SAVE- SPIRT AIRLINES BREAKING OUT OF DOWNTRENDSpirit broke out and is now retesting the Breakout! At the same time the BMSB(Bull Market Support Band) has just flipped bullish! This could be a Great entry point, even if price falls back into the channel for one more accumulation phase! IMO NYSE:SAVE Longby XCryptonacciX115
Can SAVE reverse from a lower low LONGSAVE missed out on a merger into Jet Blue. No other suitors have come along. It has sunk in a falling wedge with episodic trends up in the wedge. At present price is at the longer support trendline of that wedge. Relative strength reflects an oversold and undervalued condition. The Fisher transform shows a curling up suggestive of the reversal. I will take a long trade here as SAVE's trend down may be overdue for a correction. I am looking for a swing trade of 20&% overall with the targets on the chart.Longby AwesomeAvaniUpdated 115
Spirit (SAVE) a distressed merger partner with Jet Blue LONGSAVE on the 50-minute chart reversed a trend down that started on January 23 which was a continuation of a previous downtrend which corrected. SAVE is in critical condition. There is a merger with JBLU which has been successfully challenged in court. The two airlines have a narrow window in which to file a notice of appeal after which briefing and oral argument will be calendared. This is a slow process. I cannot find a positive piece of news in this current week. No matter, price crossed over both short and longer moving averages and had little bit of more volume. Is this a fakeout? Is this a short squeeze without volume to keep it going? Are shorts buying to cover? Could this turn into something or is it nothing ? Who knows ! I think it is worth watching.Longby AwesomeAvaniUpdated 4
$saveFormed a cup and now handle. A cup and handle is formed. MCAD also turning greenLongby sairahulmuda5
$SAVE longsA lovely rounded bottom, Formed a CUP. Should break out more and more on any newsLongby sairahulmuda1
Bullish Spirit In The AirSpirit took a massive hit recently after the JetBlue merger, but using recent weekly trendlines I think this is actually shaping out to have a nice recovery. Not financial advice, good luck to all :)Longby Trader_Mayhem4
$SAVE to $3FUNDAMENTALS + Is Spirit Airlines a good airline to fly with? If the bottom-line cost of flying Spirit is your least-expensive option, then you must weigh the risk of irregular operations. With one of the highest rates of delayed flights and cancellations in the U.S. airline industry, there's a good chance your Spirit flight will be delayed or canceled. = lack of demand followed by lack of quality gives us $3Shortby pattt_bateman7
SAVE Buy Setupsuper valid looking. leave a comment if you like my entry setup. this share purpose only for educational learning. note: for more details check chartLongby nandupk6
Following my TA to A TMy precision is getting better and better… I have to tell my audience more about my analysis. Please refer to my previous posts and you will see over an hours worth of content covering SAVE. I essentially confirms my thesis of their fair value by analyzing fundamentally looking through balance sheets and financials etc.. The merger was rejected based on the fact that spirit offers a unique budget pricing that would hurt cheaper customers if they lost that specialization, this also means Spirit Airlines isn’t going anywhere and they are a necessity. I already analyzed the company and gave them fair value at 12.50$ regardless of news, implied volatility is simply over exaggerating premiums due to fear and news. I get shares of an airline that is one of a kind and already well established everywhere, at a I already analyzed the company and gave them fair value at 12$ regardless of news, implied volatility is simply over exaggerating premiums due to fear and news. I get shares of an airline that is one of a kind and already well established everywhere, at a discount. They can’t merge because they are needed to be affordable, so they also won’t be going bankrupt or collapsing in my eyes. Demand is too high, I’ve been buying a specialized airline for a crazy discount. On top of this it’s at the bottom of my TA trend section as seen in the picture, which is a floor or considered a resistance level. Longby TheCoconutty4
SAVE - Technical AnalysisNYSE:SAVE Like and comment if you find value in our analysis. Feel free to post your ideas and questions at the comments section. Good luck by TraderTilki3
The Unraveling Drama of Spirit Airlines' Blocked Merger with JetSpirit Airlines' ( NYSE:SAVE ) stock took a nosedive, plummeting up to 60% after a federal judge blocked its $3.8 billion acquisition by JetBlue Airways. The move was hailed as a victory for the Justice Department, which had filed a lawsuit against JetBlue on antitrust grounds, arguing that the proposed acquisition would eliminate popular discounted flight options and potentially drive up industry prices. The Court's Verdict: U.S. District Judge William G. Young delivered a decisive blow to the planned merger, stating that the consolidation of Spirit ( NYSE:SAVE ) and JetBlue would have adverse effects on consumer choice and competition within the airline industry. The ruling highlighted concerns that the merger could eliminate affordable flight options, disrupting the delicate balance that allows budget-conscious travelers access to low-cost airfares. Industry Ramifications: The $3.8 billion merger, had it proceeded, would have created the nation's fifth-largest airline, providing JetBlue with enhanced financial firepower to compete against industry giants like United, American, Delta, and Southwest. With these four airlines commanding a substantial 80% of the industry's ticket revenue, the blocked merger raises questions about the dynamics of competition and consolidation within the airline sector. Legal Battles and Future Options: Despite the setback, JetBlue and Spirit ( NYSE:SAVE ) retain the option to appeal the decision before the July expiration of their merger agreement. The companies expressed their disagreement with the ruling and are currently evaluating their next steps. The high stakes involved in this legal drama underscore the broader implications for the competitive landscape of the airline industry. Tangled Merger Web: Before the attempted merger with JetBlue, Spirit had initially announced plans to merge with Frontier Airlines in a $6.6 billion cash-and-stock deal. However, this deal was abandoned in July following an unsolicited offer from JetBlue to acquire Spirit at a higher valuation. The complex web of attempted mergers and acquisitions adds a layer of intrigue to the unfolding narrative of Spirit Airlines' future. Antitrust Landscape: The Justice Department's successful intervention in the Spirit-JetBlue merger follows a similar victory in preventing a partnership between JetBlue and American in the Northeast. The government's argument, that collaboration on flights in Boston and New York would drive up fares and diminish competition, suggests a broader and more aggressive approach to antitrust regulation under the Biden Administration. Conclusion: As the dust settles on the blocked merger between Spirit Airlines and JetBlue, the implications for the airline industry are profound. The ongoing legal battles, the complexities of the proposed mergers, and the Justice Department's proactive stance on antitrust issues paint a vivid picture of an industry in flux. The outcome will undoubtedly shape the future landscape of air travel in the United States, with significant consequences for both industry players and consumers alike.Shortby DEXWireNews3
BREAKING: SAVE tanked to 8$ SAVE followed my prediction much faster than expected, many people just got wiped out. Waiting on news sources to report what happened as it seems I’m the first to notice..by TheCoconutty334
Spirit Airlines UpdateSave General Direction Analysis Thesis: SAVE will most likely follow course in the downtrend, we are in a range where a bearish stance is most favorable from a technical standpoint. Any fluctuation out of the downtrend I attribute to the merger with JBLU that is being pushed as I type this. If the merger is successful then we will see the stocks price rise rapidly and volatility spike, and there are indications that it is very likely to happen for reasons I have explained in my 3-4 previous recordings. For the time being, a bearish stance with the intention of riding this trend to a cheaper level taking a bullish stance at the best discount while closely following the merger.Shortby TheCoconutty114
SPIRIT AND JETBLUE ARE IN A MERGER VS THE DOJ CASE RULINGI see all these people drawing lines without talking about the companies. Here's the rabble rousing this play. Spirit? SAVE P/E ratio as of December 2023 (TTM): -3.36 I only fly Alaska if I can but Spirit is big with the cheap and those flying to Vegas. Negative isn't great p/e isn't great. They are losing money. How long are you willing to hold? Why would you? I won't draw lines, but looking at the graph. Maybe it will recover but why would they? There will be MAYBE a merger with Jetblue but the DOJ are looking to block it. Spirit will go bankrupt. You got that right TA boys SAVE is garbage like 6 months ago JetBlue offered to buy Spirit last year at $33.50. Judge wouldn’t allow it. but. JetBlue announced they are breaking up w/ American to be northeast so they can reposition to buy Spirit again. Coinflip baby. It's the DOJ that sued to stop the merge. Coinflip. the Spirit/JetBlue trial is concluding, should end of the year. , with the judge expected to rule at some point after December 13, 2023. tldr: Bad Company, Good play. Buy puts/calls for this month depending on what you think.by JustAHunch2
SAVE- Bearish Stance for MondayThis is a pure technical thesis: For almost two years we have stayed in a long term downtrend, 9 attempted breakouts failed over the course of this period. From a purely technical standpoint ignoring longer term fundamental news, the odds of a failed breakout above this level are 9/10. Nothing has invalidated the trend as of this point, we are trading with the trend here. I also noted divergence across multiple indicators, a slowing of bullish momentum, and averages that all are pointing downwards. RSI is posed for a classic death cross from the overbought zone on the daily chart. With all of this being said I noted a higher imbalance that while miniscule will still be accounted for. I have marked two different short term route predictions I believe price will follow starting at open on Monday. One predicts price follows the trend like a puppy, while the other takes into account a possible imbalance filling / liquidity grab. Overall outlook for the next few weeks is Bearish. Hope you enjoyed my analysis, -JJShortby TheCoconutty111
SAVE Inflection Point- Large directional movement imminentSpirit airlines has trended up for the past week or so in a long term trend I have been analyzing over the past few months. Due to the possibility of a merger with Jet Blue Airlines I could see price breaking out of this trend but until news of this I am bearish. We have not broken this trend for over a year, I don’t see much reason to now unless someone knows something we do not. In terms of technical analysis, my findings back up my bearish thesis technically. We are reaching Overbought in RSI and while we have briefly breached 200 EMA this has happened previously before and fallen back below the EMA line shortly after hitting the ceiling of the trend. Overall bearish stance for the next couple weeks or so.Shortby TheCoconutty113
Beat the Market: How I Strangled $SAVE for Maximum Gains Technical Summary: Strategy: Strangle on SAVE stock Initial Credit: $133 (before commissions and fees) Maximum Profit: $120 Required Buying Power (req. bp.): $260 for 39 days Probability of Profit (POP): 85% IV Rank (IVR): Over 94 post-earnings Break-even points: Favorably distant due to high IVR Management opportunities: Anticipated rich rolling options in future Trade Details (2023-11-06): Call Sold: 1x SAVE 12/15/23 Call @ $0.80, Strike $15.00 Put Sold: 1x SAVE 12/15/23 Put @ $0.53, Strike $7.50 Commissions and Fees: Minor, deducted from the initial credit Alright, it's Greg, the TanukiTrader, here to give you the rundown on today's options trading escapades. I took a dive into SAVE stocks which, amidst the earnings aftermath, boasted an IV Rank over 94 due to the hefty market plunge. In the tempest of the airlines' current headwinds, staying cool was the game, and I laid out a strangle to exploit that sweet 85% probability of profit at a 1:2 required buying power ratio—a number I find particularly enticing. The break-evens are sitting pretty, giving us room to breathe, and I'm gunning for a $120 max profit while my obligations are just $260 for the remaining 39 days, thanks to that spicy high IVR. Management options down the line are looking lush, especially when it comes to rolling. On the ledger, I dispatched a $15 strike SAVE call for $0.80 and a $7.50 strike SAVE put for $0.53, bagging a cool $133 in credit upfront, minor commissions and fees notwithstanding. To wrap up today's strategy: I positioned a well-balanced strangle on SAVE stock, taking into account the industry's rough patch. My opening balance clocked in at $133 in credit, which promises a rich tapestry of rolling opportunities in the days ahead. On this fine day of November 6, 2023, I have executed the sale of one call and one put option, summing up to $133 in credit, minus the petty cash for costs. Looking forward, I foresee this position offering ample management plays.by TanukiTradeUpdated 1
Opening: SAVE January 19th 10 Covered Call... for an 8.15 debit. Comments: The IV in here is redonk (IVR 96/IV 238.6%), no doubt because the merger decision between SAVE and JBLU is in a court room, with the trial scheduled to finish up at year end and a ruling to follow thereafter. At the moment, the buyout proposal is for $33.50/share and/or a $29.80 "Deal-Through Price." While most are probably trying to arbitrage SAVE for the difference between current price and the potential buy-out amount, I'm looking to make money even if the buyout doesn't go through with a cost basis below SAVE's 52-week low and/or the judge takes a bit of time to mull over whether to impose conditions on the buy out (at which point I hope to be out of the trade). Naturally, if the deal does go through, and price jumps to the buyout price, I'll be pissed that I didn't go just Plain Jane long call ... . Metrics: Max Profit: 1.85 ($185)/contract Buying Power Effect: 8.15 ($815)/contract ROC as a function of BPE at Max: 22.7% ROC at 50% max: 11.3%Longby NaughtyPinesUpdated 0
SAVE in depth analysis P2This a part 2 to a 3 part in depth analysis on SAVE. I am actively practicing everything I am learning.10:27by TheCoconutty1
A deeper Analysis of SAVEContinuation off of previous video. Covering specific financial statement analysis. Part 1.20:00by TheCoconutty1
SAVE Analysis In Depth (Bullish)Spirit Airlines is a solid airline company that in my opinion is not going anywhere. This fundamental makes it a tradable stock to me from the start. Throughout the video I explain every reason leading to my long term consolidated-bullish thesis through fundamental relative and absolute valuation metrics and general technical analysis. It is my first time recording so don't judge too much haha.Long15:52by TheCoconutty1
Spirit Airlines (NYSE: $SAVE) Facing Multiple Resistance ZoneSpirit Airlines (NYSE: NYSE:SAVE ) is facing strong resistance from multiple trend lines and zones in the daily and weekly time frames. The first resistance is at $15.43, which is the downward trend line drawn from the June high. The second resistance is at $15.96, which is another downward trend line drawn from the August high. The third resistance is a zone ranging from $16.85 to $17.07, which is formed by a combination of multiple trend lines in multiple time frames. The stock has shown some signs of recovery in the last week, gaining more than 40% from its low and breaking above the 5-day, 10-day, and 20-day simple moving averages (SMAs). However, the stock is still below the 50-day, 100-day, and 200-day SMAs.Longby DEXWireNews2