JetBlue call option volume tripled its typical daily average on February 6, 2026. This heightened activity drove the stock's implied volatility up by more than three points to 71.38%. The Put/Call Ratio reached an exceptionally low 0.08, indicating that call buying significantly outpaced put buying.
The surge in optimistic trading follows a week of strong stock performance. The most active contracts included the February 13th weekly $7 calls and the January 27th $5 calls. Traders are positioning for significant price movement ahead of JetBlue’s upcoming earnings report.
However, financial analyses highlight persistent underlying challenges for the carrier. JetBlue currently holds a low Altman Z-Score, a technical indicator of potential financial distress.