At iTalkstocks.com, we bring you an intriguing stock recommendation that might surprise you – Spirit Airlines (SAVE). Now, we’re not recommending SAVE because we’re avid fans of their flights – quite the opposite. However, there’s a strategic move on the horizon that has caught our attention: the impending court date to review the merger between Spirit and JetBlue.

The Merger Factor

The potential merger between Spirit and JetBlue is a game-changer. If approved, it’s projected to catapult SAVE stock back to $15.00. That’s the kind of boost that can significantly impact your investment.

Our Recommended Trade

To capitalize on this opportunity, we’re executed a bold trade strategy on 2.7.2024. We purchased 5 SAVE contracts with a $7.50 strike price and July 19th expiration date.

• We control 500 shares of SAVE stock from now until July 19th.
• Our buy price is locked at $7.50 per share.
• For every $1.00 over $7.50, our trade is up $500.00.
• The “cost” of the trade or “entry price” is $1,040.00

Proof of Trade:

Potential Gains

If SAVE reaches $15.00 before July 19th, our position could be up $3,500.00, excluding the cost of the trade – or a $2,500.00 profit on a $1,000.00 investment meaning a potential gain of 250%

SAVE did report earnings this morning and made it clear that the company is focused on closing the Jew Blue deal. 

A Note on Risk

It’s crucial to understand the risks involved in options trading. This recommendation is not a casual endorsement, and we emphasize that investing in options should be done by those who thoroughly understand the intricacies of such trades. Trade at your own risk.

Stay tuned for updates on this strategic play as we navigate the exciting and dynamic landscape of stock investments at iTalkstocks.com!