ALK's loyalty program (valued at $12B) has fundamental security flaws, including vulnerable session cookies and ineffective password resets, leading to widespread mile theft. Public exposure or financial fallout from this ongoing, unpatched breach could severely damage consumer trust and crater the stock, which only has a $4.5B market cap. Purchase ALK puts to capitalize on the market pricing in this massive cybersecurity liability. The market may ignore the vulnerability, or ALK could quietly patch the exploit before a major PR disaster occurs.
ALK
HIGH
Mar 20, 11:20
Key Points
['Loyalty program has severe cyber leaks.', 'Hackers selling stolen miles openly online.', 'Session cookies lack basic security flags.', "Password resets don't kill active sessions.", 'Author holds $440k in ALK puts.']
March 20, 2026 at 11:20