Analyst Downgrades JetBlue Stock, Options Bears Respond

JBLU is down 33.4% year-over-year

Digital Content Manager
Apr 22, 2022 at 10:51 AM
facebook X logo linkedin


The shares of JetBlue Airways Corporation (NASDAQ:JBLU) are down 2.6% to trade at $13.17 at last check, after Deutsche Bank downgraded the equity to "hold" from "buy," and cut its price-target to $16 from $21. The firm noted it expects the low-cost airline to be stagnant as the industry recovers from the Covid-19 pandemic.

The brokerage bunch was mostly optimistic towards JetBlue Airways stock coming into today, with six of the 10 analysts in question rating it a "buy" or better. What's more, the 12-month consensus target price of $15.20 is a 14.9% premium to the security's current levels. 

The equity had been charging higher prior to today's bear note, though its rally fell short at the $14.20 mark yesterday. The 60-day moving average has been keeping a tight lid on shares this month, though, and longer term JBLU remains down 33.4% year-over-year.  

At the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), JBLU's 50-day put/call volume ratio of 0.33 sits higher than 97% of readings from the last 12 months. This indicates that though calls are still outnumbering long puts on an overall basis, the latter are getting picked up at a much quicker-than-usual pace. 

Today's options pits are brimming with bearish bets. So far, 25,000 puts have crossed the tape, which is nine times the volume that is typically seen at this point, as opposed to just 3,479 calls. Most popular is the May 12 put, followed by the 13 put in the same monthly series, with positions being opened at the latter.

 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI