Bullish options flow was detected in SAVE stock on August 28, 2020.
Make sure to review this lesson on options trading so that you understand the chart above.
White House Chief of Staff Mark Meadows said this morning at an event hosted by Politico, “If Congress is not going to work, this president is going to get to work and solve some problems. Hopefully we can help the airlines and keep some of those employees from being furloughed.” Meadows, according to Bloomberg, noted assistance would require another legislative package but that the White House was “looking at other executive actions” and planned “a few” additional unilateral stimulus measures.
The U.S. Department of Transportation is acting on requests from Spirit Airlines (SAVE) and United Airlines (UAL) for exemption from the CARES Act airline service obligations announced in Order 2020-4-2. Spirit Airlines requests that the Department grant it an exemption to temporarily suspend service from September 8 through September 30 from its service obligation at Latrobe, Pennsylvania, given the planned runway closure at the airport. The Department finds that granting Spirit Airlines’ request is warranted, and thus, the carrier is not obligated to provide service at Latrobe, Pennsylvania through September 30, 2020. United Airlines requests that the Department grant it an extension from August 6 through September 30 from its service obligation at Aguadilla, Puerto Rico. The Department finds that granting United Airlines’ request is warranted and thus, United Airlines is not obligated to provide service at Aguadilla, Puerto Rico through September 30, 2020.
On August 6, in close coordination with the U.S. Centers for Disease Control and Prevention, the Department of State lifted the Global Level 4 Health Advisory, the Department announced. “The Global Advisory, initially put in place on March 19, 2020, advised U.S. citizens to avoid all international travel due to the global impact of COVID-19. With health and safety conditions improving in some countries and potentially deteriorating in others, the Department is returning to our previous system of country-specific levels of travel advice (with Levels from 1-4 depending on country-specific conditions), in order to give travelers detailed and actionable information to make informed travel decisions. This will also provide U.S. citizens more detailed information about the current status in each country. We continue to recommend U.S. citizens exercise caution when traveling abroad due to the unpredictable nature of the pandemic.” Publicly traded airlines include Alaska Air (ALK), American Airlines (AAL), Delta Air Lines (DAL), JetBlue (JBLU), Southwest (LUV), Spirit Airlines (SAVE) and United Airlines (UAL).