Sell Alert: Take an 84% Gain on Spirit AeroSystems Puts

Boeing warned of high costs and program challenges in their recent earnings report. This news is not good for Spirit in the long-term, as Boeing is one of their critical customers. In the short-term, the recent market sell-off has pushed SPR down sharply. We have a big gain in our puts after holding for less than a week, so we recommend taking profits.

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Jim Rickards’ Countdown to Crisis

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Dan Amoss

Dan Amoss, CFA, tracks aggressive accounting and other red flags that markets miss. He’s a student of the Austrian School of economics and Daily Reckoning fan since 2000. Agora Financial relies on Dan for macro market commentary as well as profitable plays like his 2008 call to readers to buy Lehman Bros. puts, which...

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