JetBlue Inventory Crashes After Outcomes, Potential Merger Block

JetBlue reported worse-than-expected third-quarter outcomes

JetBlue Airways Corp (NASDAQ:JBLU) is sinking to 14-year lows as we speak, after the airline’s third-quarter outcomes missed estimates. Plus, studies got here that the Biden administration is in search of to dam the corporate’s $3.8 billion buyout of Spirit Airways (SAVE). Ultimately look, JBLU was down 11.5% at $3.71, and carrying a 42.6% year-to-date deficit. 

Choices merchants are swarming JetBlue inventory in response. To date, 164,000 calls and 100,000 places have been exchanged, which is already 10 occasions the common day by day choices quantity. The January 2026 2-strike put is the preferred, adopted by the December 4 name, with new positions being opened at each. 

Choices merchants have been way more bullish than normal within the final 10 weeks, maybe in an try to purchase the dip, amid the inventory’s current underperformance. That is per JBLU’s 50-day name/put quantity ratio of 6.40 on the Worldwide Securities Alternate (ISE), Cboe Choices Alternate (CBOE), and NASDAQ OMX PHLX (PHLX), which ranks increased than 96% of readings from the previous 12 months. 

Analysts have but to chime in with any bear notes, as the bulk are already pessimistic in direction of the inventory. Of the 9 analysts in protection, just one carries a “sturdy purchase” score, with eight a “maintain” or worse.