In Tuesday's Blitz Daily, we take a look at aerospace company Spirit Aerosystems as the sector begins the new year with a strong showing.
The market is seeing a bit of rotation into many of the aerospace names that went unloved in 2021. On Monday, I highlighted major options flow into Boeing and Howmet Aerospace… And now it’s Spirit’s turn!
The company builds major structural pieces for airplane-makers like Boeing and its European rival, Airbus.
With both competitors nearing the release of their yearly delivery and order results, no matter who comes out on top, Spirit wins… Or at least that’s what institutional traders are betting on!
Of course, those weren’t the only options trades taking off Tuesday. I have two more ready to soar waiting at the gate…
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