Put Spread on SAVE on 5/27/2015

Spirit Airlines, Inc. (SAVE) is a discount airline company.

The Company's all-Airbus fleet operates more than 300 daily flights to 56 destinations in the United States, Caribbean and Latin America. Its ultra-low-cost carrier (ULCC) business model provides low base fares with a range of optional services.

The Company's route network includes approximately 151 markets served by 56 airports throughout North America, Central America, South America and the Caribbean.

The Company operates international services to Aruba, the Bahamas, Colombia, Costa Rica, Dominican Republic, El Salvador, Guatemala, Haiti, Honduras, Jamaica, Mexico, Nicaragua, Panama, Peru and St. Maarten, as well as Puerto Rico and the United States Virgin Islands.

Shares had formed a bearish "flag" and yesterday shares fell out of this formation. We now expect lower prices for this stock. Possible support is shown on the chart in pink.

52-Weeks Trading Range: $52.75 - $85.35

Last Trade: $61.00

Trade Buy 1 June $60.00 Put at $1.70 Sell 1 June $55.00 Put at $0.50 For a net debit of $1.20 Profit/Loss Analysis Breakeven at $58.80 Maximum profit is $380.00 at strike of $55.00 Maximum loss is ($120.00) at strike of $60.00 Closing Summary Sold 1 June $60.00 Put at $0.00 Bought 1 June $55.00 Put at $0.00

Position closed on 6/20/2015 at price of $0.00 with a -100.00% loss in 24 days.

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