Okay kiddo, some smart people with lots of money think that Spirit Airlines is going to do well. They are betting on it by buying something called options, which give them the right to buy or sell shares of the company at a certain price and time. Most of these big-money traders are either optimistic (bullish) or pessimistic (bearish) about Spirit Airlines, but they have different opinions. This is unusual because usually there aren't that many options trades for this company in one day. The people who wrote the article want us to know about these big-money bets so we can pay attention and maybe do some research on Spirit Airlines ourselves. Read from source...

- The title is misleading, as it suggests that only "smart money" (i.e., institutional or wealthy investors) are betting big in SAVE options, while the article itself admits that they don't know who exactly made the trades and whether they are institutions or individuals.
- The article does not provide any evidence or data to support its claim that "smart money" knows something is about to happen with Spirit Airlines, other than pointing out the abnormal volume of options trades for SAVE. This is a classic example of argumentum ad ignorantiam (argument from ignorance), which is a logical fallacy that assumes something must be true because it has not been proven false.
- The article uses vague and ambiguous terms such as "bullish" and "bearish" to describe the sentiment of the big-money traders, without specifying what criteria or indicators they used to determine these sentiments. This makes the article less informative and reliable for readers who want to understand the reasoning behind the options trades.
- The article repeats the same information twice, such as the number and types of options trades for SAVE, which is unnecessary and redundant. This shows a lack of editing and organization skills on the part of the author.
- The article ends with an incomplete sentence that leaves readers hanging and wondering what happened to the call option for SAVE. This is poor writing and communication practice that does not engage or satisfy the reader's curiosity.

1. Buy SAVE put options with a strike price below the current market price ($50) and an expiration date in mid-April or later. This will allow you to benefit from the potential downside of Spirit Airlines if it fails to recover from the recent decline. The smart money is betting big on SAVE put options, which indicates that they expect a significant drop in the stock price soon. You can also use a protective stop-loss order to limit your losses in case of an unexpected rally.
2. Sell SAVE call options with a strike price above the current market price ($50) and an expiration date in mid-April or later. This will generate income from the premium received and reduce your exposure to Spirit Airlines if it rallies further. The smart money is also selling SAVE call options, which suggests that they do not expect a significant upside for the stock price in the near future. You can also use a protective stop-loss order to limit your losses in case of an unexpected decline.
3. Monitor the news and earnings reports of Spirit Airlines closely. The company is facing several challenges, such as rising fuel costs, labor disputes, and increased competition from low-cost carriers. These factors could impact its financial performance and stock price in the coming months. You should be prepared to adjust your options strategy based on any changes in the market conditions or the fundamental outlook of Spirit Airlines.
4. Diversify your portfolio with other sectors and asset classes. While Spirit Airlines may offer a high-risk, high-reward opportunity, it is also very volatile and unpredictable. You should not put all your eggs in one basket and expose yourself to unnecessary risk. You can consider investing in other industries or assets that have more stable returns and lower correlation with the airline sector. This will help you reduce your overall portfolio risk and increase your chances of achieving your financial goals.