AMR tanking 30% today

[luckytohaveajob]

AMR is down 30% today

http://www.bloomberg.com/news/2011-10-03/amr-falls-to-lowest-since-2009.html

 

[lowtimedriver]

Does this mean that they won't be buying Alaska?:nuts:

 

[Stifler's Mom]

Look at the returns on the Oct PUT contracts. :nuts:

3.00 364% profit

-------------------

2.50 937% profit
2.00 900% profit
1.50 2400% profit

 

[redflyer65]

But they just had a huge aircraft order! And signs made up for the gate saying they will have the youngest fleet with this order.

Look out below!

 

[Beetle007]

Spirit Airlines is now worth more than American (848 million vs 663 million)

 

[C-150ETOPS]

Spirit Airlines is now worth more than American (848 million vs 663 million)

But our AA 737 Captains make $1/hour more than Spirit Captains :laugh:

 

[CitationLover]

Look at the returns on the Oct PUT contracts. :nuts:

3.00 364% profit

-------------------

2.50 937% profit
2.00 900% profit
1.50 2400% profit

Buying a put or call in a high volatile environment isn't the greatest investment choice to make. When that volatility falls and crushes your options, you won't like it.

Now selling one is a different story. But selling a put on AMR.......why would you want 100 more shares of AMR?

 

[CRAWDADDY]

4. Rumor
There is a rumor being disseminated that furloughs are immanent, that is not true.

Are you sure you mean immanent?

 

[CitationLover]

Are you sure you mean immanent?

Inside joke.

 

[CRAWDADDY]

Figured it had to be