JetBlue Airways Corporation (JBLU) Options

I invested in JBLU about 2-months before the merger was terminated, but I decided to stay with it even after the announcement.
I am not complaining but I am getting a bit nervous about the future since JetBlue is not a big-boy and it seems big-boys are really starting to control the prices and are able to afford to buy oil&gas on hedge in large amounts. The 2 wars and now Iran in what appears an all out war with Israel is going to bump up the price of oil and that may be a hit on Jetblue. Not sure but I am getting nervous because I bought $55,000 worth of stock

What an absolute POS. Was 7.30 on Tuesday and now sub 6.

~bought the 4/26 $9 calls @.04c

In 6.47 avg out 7.48 from swing. will wait it out now.

Up big after hours

~should’ve got out quicker than that, could’ve sold for as high as .18c

damn...you werent in for long...

~sold 2/23 $8 calls .13c

So is the merger still on or off ? I thought it was a no go. Last I saw they were appealing it?

~Carl is in, I’m in… bought 2/23 $8 calls @.10c

Finally. Im a bagholder no longer! I shoulda added more 3.50!! lol

Up 11%

JBLU
JetBlue Airways Corporation
4.71
-0.42 (-8.19%)
Volume: 36,731,261
Day Range: 4.61 - 5.045
Bid: 4.70
Ask: 4.71
Last Trade Time: 7:05:26 PM EST
Total Trades: 87,776

HOW DOES AN AIRLINE GO E.V. WHEN CARS WILL NOT START IN ZERO WEATHER ?????

JBLU
JetBlue Airways Corporation
4.85
-0.28 (-5.46%)
Volume: 10,841,159
Day Range: 4.72 - 5.045
Bid: 4.84
Ask: 4.85
Last Trade Time: 10:22:17 AM EST
Total Trades: 25,195

JBLU
JetBlue Airways Corporation
4.85
-0.28 (-5.46%)
Volume: 10,841,159
Day Range: 4.72 - 5.045
Bid: 4.84
Ask: 4.85
Last Trade Time: 10:22:17 AM EST
Total Trades: 25,195

JBLU
JetBlue Airways Corporation
5.1002
0.2102 (4.30%)
Volume: 68,316,455
Day Range: 4.53 - 5.45
Last Trade Time: 5:50:51 PM EST

Why JetBlue $JBLU Stock Is Soaring and Spirit Airlines Is Plummeting Today
https://www.fool.com/investing/2024/01/16/why-jetblue-stock-is-soaring-and-spirit-airlines-i/

They probably got the inside scoop that the judge is going to approve the merger so trying to shake some shares loose. They're all greedy crooks

And whoever made that bearish assessment is probably shorting the stock.

Wow. B of A thinks it’s worth $3??? Wtf. Bankruptcy is worth more than $3. That’s a scary situation.

Yaa, very quiet. I was hoping for a decision by now.

I guess the Judge is off for the Holidays. Maybe after the first.

The judge will make a decision on the merger with Spirit any day now. If the judge lets the merger go through, the shorts will have to quickly cover resulting in a squeeze.

Huge gap to fill .. time to short soon $JBLU

From a technical analysis (TA) point of view, I see JBLU currently overvalued, hence a 'pull back' will occur (profit taking).

What the near-term future holds after that depends on the judges decision IMO. Which could be any day now. But thus far his hints have leaned in favor of JBLU. We'll see.

$JBLU flying

https://www.wsj.com/livecoverage/stock-market-today-dow-jones-12-07-2023/card/jetblue-stock-rises-after-airline-lifts-q4-outlook-8dv7J0NgMJ6alTrTfte4?siteid=yhoof2

Trial over JetBlue's Spirit merger ends with US judge mulling options
Tue, December 5, 2023
https://finance.yahoo.com/news/jetblue-trials-end-urges-judge-151836412.html?fr=sycsrp_catchall

Federal Judge Leans Towards Approval of JetBlues Acquisition of Spirit Airlines
December 6, 2023

On December 6, 2023, a significant development unfolded in the aviation industry as a federal judge leaned towards granting approval for JetBlue’s proposed acquisition of Spirit Airlines, valued at a staggering $3.8 billion. Despite the Justice Department’s efforts to impede the deal, the judge hinted that it could move forward under the condition that JetBlue divests additional assets to address potential antitrust concerns.

While the Justice Department argued vehemently that the merger would result in inflated prices and reduced flight options, the judge expressed reservations about obstructing a deal within an industry that is constantly evolving and facing unprecedented challenges in the post-COVID era. This dynamic environment presents both unique opportunities and hurdles that must be carefully considered.

The final verdict ultimately rests in the hands of the judge presiding over the non-jury trial in Boston, who holds the authority to shape the future of this pivotal acquisition.

Upbeat forecast..... https://www.forbes.com/sites/greatspeculations/2023/11/27/whats-next-for-jetblue-stock-after-a-35-fall-this-year/?sh=44386eb02416

I think this will be at $10 by spring (April) 2024. This is a well run airline. They are just coping with a few things that are outside of their control. I view them as seasonal issues. Having said that, I don't like having $$ tied up for that long. Hopefully the outcome of the ongoing law suit will give the pps a spike (boost). Outcome should occur in December.

Industry as a whole is starting to turn around. And good news and PPS goes to $6-$7.00. IMHO.

Waiting for the turnaround
I would feel better if management would provide an outline on their growth strategy

IMO this is a 2x or 3x banger somewhere between now and spring 2024. JMHO

Pigs get fed, hogs get slaughtered.

Glad I only bought a few shares. Earning worse than expected. Holding, but not liking what I see. HAWK

3’s…. Guess I’ll add in the 2’s

3.70

Yep

I just bought some at $4.11. Looks like a "decent" Risk/Reward price. TWT. HAWK

Yep I’m in for the ride at 4.20 hahahha

lol and I’m at 4.20 hahahhahha

If it is not rescheduled again, the trial will start 1 week from tomorrow.

Spring will bring May Flowers..... or much smoother.

JBLU americanbulls says BUY. I have $5.50 as "fair value". Just a FYI. HAWK

OTC from a delisting! Not going to happen. You must not be aware of the delisting rules. PPS must fall below $1 for 30 consecutive days, and even then they have 6 months (180 days) to get it back up to $1. And in most cases another 6 month extension is granted to achieve that $1 threshold.

So, NO. If you are planning on shorting this stock in the hope it will be delisted to the OTC, you are dreaming. Wishful thinking. I suspect JBLU will be back up between 7-10 bucks somewhere between Thanksgiving and spring 2024. Short term... it depends on how the current law suit goes which commences on October 30.So, short term I expect I lot of volatility.

I'm bullish. This is almost rock bottom price here IMO. I'm buying at these levels.

It is down because of poor forward guidance by UAL on their conference call this morning. All airlines have dropped. UAL is down over 8%, AAL almost 5%, JBLU and DAL around 4%. Oil is back to $90/barrel. You won't see an upside catalyst to JBLU until the trial which was pushed back to 10/30/2023. If the earnings call next week is particularly good in forward guidance you might also get a pop.

I bought more at $4.33 this morning.

It’ll be on the OTC yet!! Guess I’ll buy more in the 3’s.

The trial has now been delayed until Oct. 30
https://seekingalpha.com/news/4020500-doj-trial-to-block-jetblues-planned-spirit-deal-delayed-again