What’s Ahead for Virgin America Inc After Today’s Bearish Options Activity?

 What's Ahead for Virgin America Inc After Today's Bearish Options Activity?

In today’s session Virgin America Inc (VA) recorded an unusually high (1,279) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the October, 2016 put, expecting serious VA decrease. With 1,279 contracts traded and 24044 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: VA161021P00040000 closed last at: $0.5 or 0% . About 1.07 million shares traded hands. Virgin America Inc (NASDAQ:VA) has risen 79.22% since March 14, 2016 and is uptrending. It has outperformed by 73.60% the S&P500.

Analysts await Virgin America Inc (NASDAQ:VA) to report earnings on November, 3. They expect $1.00 EPS, down 39.02% or $0.64 from last year’s $1.64 per share. VA’s profit will be $50.38 million for 13.45 P/E if the $1.00 EPS becomes a reality. After $0.93 actual EPS reported by Virgin America Inc for the previous quarter, Wall Street now forecasts 7.53% EPS growth.

Virgin America Inc (NASDAQ:VA) Ratings Coverage

Out of 11 analysts covering Virgin America Inc (NASDAQ:VA), 2 rate it a “Buy”, 0 “Sell”, while 9 “Hold”. This means 18% are positive. Virgin America Inc has been the topic of 19 analyst reports since August 3, 2015 according to StockzIntelligence Inc. On Friday, April 15 the stock rating was downgraded by Barclays Capital to “Equal-Weight”. On Tuesday, September 22 the stock rating was downgraded by Raymond James to “Market Perform”. The stock of Virgin America Inc (NASDAQ:VA) earned “Hold” rating by Deutsche Bank on Friday, April 8. As per Tuesday, April 5, the company rating was upgraded by Morgan Stanley. Imperial Capital initiated Virgin America Inc (NASDAQ:VA) rating on Friday, September 23. Imperial Capital has “In-Line” rating and $57 price target. The firm has “Hold” rating given on Wednesday, October 12 by Deutsche Bank. On Tuesday, August 4 the stock rating was upgraded by Bank of America to “Buy”. The company was maintained on Thursday, February 4 by JP Morgan. The rating was upgraded by JP Morgan to “Neutral” on Tuesday, October 11. As per Monday, April 4, the company rating was downgraded by Sidoti.

According to Zacks Investment Research, “Virgin America Inc. is a premium airline providing scheduled air travel services in the continental United States and Mexico. The Company offers a wide range of services such as transporting passengers between cities in the United States, providing in-flight food, beverages, and entertainment, and assisting customers with scheduling flights. The Company’s services feature mood-lit cabins with fleetwide WiFi, custom-designed leather seats, power outlets, and a video touch-screen at every seatback offering guests on-demand menus and countless entertainment options. Virgin America Inc. is headquartered in Burlingame, California.”

Virgin America Inc. is an airline that provides scheduled air travel in the United States and Mexico. The company has a market cap of $2.71 billion. The Firm operates in air transportation service segment. It has a 7.53 P/E ratio. The Firm operates from Los Angeles and San Francisco with a presence at Dallas Love Field to other destinations in North America.

VA Company Profile

Virgin America Inc., incorporated on January 26, 2004, is an airline that provides scheduled air travel in the United States and Mexico. The Firm operates in the air transportation service segment. The Firm operates from Los Angeles and San Francisco with a presence at Dallas Love Field (DAL) to other destinations in North America. The Firm provides service to over 20 airports in the United States and Mexico with a fleet of over 50 narrow-body aircraft. It offers three levels of service: First Class, Main Cabin Select and Main Cabin.

More recent Virgin America Inc (NASDAQ:VA) news were published by: Wsj.com which released: “Alaska Air Agrees Not to Close Virgin America Merger Before Oct. 17” on September 26, 2016. Also Fool.com published the news titled: “Is the Alaska Air-Virgin America Merger on the Rocks?” on September 28, 2016. Reuters.com‘s news article titled: “Alaska Air says making ‘good progress’ on Virgin merger review” with publication date: October 14, 2016 was also an interesting one.

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