JBLU's Sept 6 Call activity says AMR will likely acquire it
There are currently 28x more Sept 6 Calls for JBLU than Puts(15,342 vs 536) Here's the link:http://finance.yahoo.com/q/op?s=JBLU&m=2012-09 Furthermore, JBLU currently sells for a very undervalued .86/book vs 3.61x for LCC(Yahoo data). AMR IMO wants to avoid the problems of a big merger,as DAL & UAL are currently experiencing. What is JBLU worth to AMR in a nearterm buyout ? Approximately 1.5x book($6.36/sh) or roughly $9.50/sh. Good luck to all.