Volume Spike Investor

Airliners are seeing massive call option action today with Continental (NYSE: CAL) trading more than 7,700 October $18 calls with shares at $16.80; Delta (NYSE: DAL) trading more than 13,200 October $10 calls with shares at $9.35; and US Air (NYSE: LCC) trading more than 10,600 October $6 calls with shares at $5.18.  Furthermore, JetBlue [...]

Biovail Corporation (NYSE: BVF) fell by almost 7% after the drug company announced a plan to sell $200 million in convertible notes. Jetblue Airways Corporation (NASDAQ: JBLU) has announced that it intends to offer some 20 million shares of common stock.  It also plans to offer an aggregate of $150 million in convertible debentures in [...]

Higher gas costs are already rolling back into hitting airline stocks.  As some of these have risen 3-fold or more from lows after the last $30+ drop in oil prices per barrel, any rise in black gold takes a toll. UAL Corporation (NASDAQ: UAUA) closed yesterday at $12.40 and the last trade at 9:03 AM [...]