Spirit Airlines will have significant downside following August earnings

- Prediction: Spirit Airlines stock will drop 50% due to 'going concerns' after earnings - Prediction: Investor will eliminate $SAVE's $1.1 billion bond debt after earnings release - Strategy: Close put options before earnings, then purchase $SAVE 7.5 strike leap options expiring January 2026 at $15-20 per contract

🚨 Reddit sentiment: negative - Most comments anticipate downside or are bearish on Spirit Airlines' prospects, with concerns about bankruptcy and default positions. Summarized comments: - Spirit Airlines has 'downsides' as the expected default position - Spirit Airlines' market cap is under 400 million, and their terminal placements are worth more - Possible merger rumors as Frontier adds a mergers and acquisitions specialist to their board - Some think Spirit Airlines could potentially go bankrupt - A user mentions Spirit Airlines as a fantastic volatility play - Concerns about why worrying before major debt maturities is relevant Stock tickers discussed: $SAVE