Azul S.A. - Depositary Receipt (Common Stock)
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SecurityAZUL / Azul S.A. - Depositary Receipt (Common Stock)
InstitutionSimplex Trading, Llc
Simplex Trading, Llc ownership in AZUL / Azul S.A. - Depositary Receipt (Common Stock)

Simplex Trading, Llc has a history of taking positions in derivatives of the underlying security (AZUL) in the form of stock options. The firm currently holds call options representing 0 of underlying shares valued at $0 USD and put options representing 0 of underlying shares valued at $0 USD .

Note: prior versions of this page mistakenly stated that the share values represented the number of options, not the number of underlying shares. For more information on the data backing these reports, please see the SEC document Frequently Asked Questions About Form 13F.

Institutional Put/Call Ratios
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In addition to reporting standard equity and debt issues, institutions with more than 100MM assets under management must also disclose their put and call option holdings. Since put options generally indicate negative sentiment, and call options indicate positive sentiment, we can get a sense of the overall institutional sentiment by plotting the ratio of puts to calls. The chart to the right plots the historical put/call ratio for this instrument.

Using Put/Call Ratio as an indicator of investor sentiment overcomes one of the key deficiencies of using total institutional ownership, which is that a significant amount of assets under management are invested passively to track indices. Passively-managed funds do not typically buy options, so the put/call ratio indicator more closely tracks the sentiment of actively-managed funds.

AZUL / Azul S.A. - Depositary Receipt (Common Stock) Historical Put/Call Ratio
Disclosed Call Options
File
Date		 Effective
Date		Form Security Class ID Opt Avg Share
Price		 Shares ΔShares
(%)		 Value
(x1000)		 ΔValue
(%)		 Prior Allocation
(%)		 Allocation
(%)		 ΔAllocation
(%)		 Cost Basis
(x1000)		 Profit
(x1000)		 Return
(%)
2025-11-12 2025-09-30 13F AZUL S A CALL Call 0 -100.00 0 n/a n/a n/a
2025-08-05 2025-06-30 13F AZUL S A CALL Call 255,000 0.91 0 n/a n/a n/a
2025-05-12 2025-03-31 13F AZUL S A CALL Call 252,700 -66.61 0 -100.00 n/a n/a n/a
2025-02-11 2024-12-31 13F AZUL S A CALL Call 756,900 283.82 1 n/a n/a n/a
2024-11-08 2024-09-30 13F AZUL S A CALL Call 197,200 -18.71 1 n/a n/a n/a
2024-07-25 2024-06-30 13F AZUL S A CALL Call 242,600 60.77 1 -100.00 n/a n/a n/a
2024-04-25 2024-03-31 13F AZUL S A CALL Call 150,900 14.40 1 0.00 n/a n/a n/a
2024-02-02 2023-12-31 13F AZUL S A CALL Call 131,900 -20.49 1 0.00 n/a n/a n/a
2023-11-01 2023-09-30 13F AZUL S A CALL Call 165,900 62.01 1 0.00 n/a n/a n/a
2023-08-04 2023-06-30 13F AZUL S A CALL Call 102,400 -71.48 1 -50.00 n/a n/a n/a
2023-04-27 2023-03-31 13F AZUL S A CALL Call 359,100 99.06 3 100.00 n/a n/a n/a
2023-02-02 2022-12-31 13F AZUL S A CALL Call 180,400 -18.15 1 -99.94 n/a n/a n/a
2022-11-04 2022-09-30 13F AZUL S A CALL Call 220,400 118.00 1,794 150.21 n/a n/a n/a
2022-08-03 2022-06-30 13F AZUL S A CALL Call 101,100 -42.91 717 -73.10 n/a n/a n/a
2022-05-02 2022-03-31 13F AZUL S A CALL Call 177,100 259.23 2,665 310.00 n/a n/a n/a
2022-02-23 2021-12-31 13F/A AZUL S A CALL Call 49,300 49.85 650 -24.33 n/a n/a n/a
2022-02-04 2021-12-31 13F AZUL S A CALL Call 32,900 859 n/a n/a n/a
2021-10-28 2021-09-30 13F AZUL S A CALL Call 32,900 3.46 859 2.38 n/a n/a n/a
2021-08-12 2021-06-30 13F AZUL S A CALL Call 31,800 4,915.77 839 -34.45 n/a n/a n/a
2021-04-26 2021-03-31 13F AZUL S A CALL Call 634 262.29 1,280 52.56 n/a n/a n/a
2021-02-02 2020-12-31 13F AZUL S A CALL Call 175 -75.76 0 -100.00 n/a n/a n/a
2020-10-14 2020-09-30 13F AZUL S A CALL Call 722 -58.53 950 -51.18 n/a n/a n/a
2020-07-13 2020-06-30 13F AZUL S A CALL Call 1,741 3,313.73 1,946 3,715.69 n/a n/a n/a
2020-04-29 2020-03-31 13F AZUL S A CALL Call 51 466.67 51 34.21 n/a n/a n/a
2020-02-05 2019-12-31 13F AZUL S A CALL Call 9 -76.92 38 -72.66 n/a n/a n/a
2019-10-15 2019-09-30 13F AZUL S A CALL Call 39 62.50 139 73.75 n/a n/a n/a
2019-07-26 2019-06-30 13F AZUL S A CALL Call 24 -83.78 80 -81.48 n/a n/a n/a
2019-04-18 2019-03-31 13F AZUL S A CALL Call 148 377.42 432 408.24 n/a n/a n/a
2019-01-16 2018-12-31 13F AZUL S A CALL Call 31 -81.33 85 -71.19 n/a n/a n/a
2018-10-23 2018-09-30 13F AZUL S A CALL Call 166 93.02 295 110.71 n/a n/a n/a
2018-07-30 2018-06-30 13F AZUL S A CALL Call 86 2,050.00 140 6,900.00 n/a n/a n/a
2018-04-26 2018-03-31 13F AZUL S A CALL Call 4 100.00 2 -98.57 n/a n/a n/a
2018-01-10 2017-12-31 13F AZUL S A CALL Call 2 0 n/a n/a n/a
Disclosed Put Options
File
Date		 Effective
Date		Form Security Class ID Opt Avg Share Price Shares ΔShares
(%)		 Value
(x1000)		 ΔValue
(%)		 Prior Allocation
(%)		 Allocation
(%)		 ΔAllocation
(%)		 Cost Basis
(x1000)		 Profit
(x1000)		 Return
(%)
2025-11-12 2025-09-30 13F AZUL S A PUT Put 0 -100.00 0 n/a n/a n/a
2025-08-05 2025-06-30 13F AZUL S A PUT Put 156,400 -41.29 0 n/a n/a n/a
2025-05-12 2025-03-31 13F AZUL S A PUT Put 266,400 77.01 0 n/a n/a n/a
2025-02-11 2024-12-31 13F AZUL S A PUT Put 150,500 338.78 0 n/a n/a n/a
2024-11-08 2024-09-30 13F AZUL S A PUT Put 34,300 97.13 0 n/a n/a n/a
2024-07-25 2024-06-30 13F AZUL S A PUT Put 17,400 -65.27 0 n/a n/a n/a
2024-04-25 2024-03-31 13F AZUL S A PUT Put 50,100 -33.47 0 n/a n/a n/a
2024-02-02 2023-12-31 13F AZUL S A PUT Put 75,300 -22.93 1 n/a n/a n/a
2023-11-01 2023-09-30 13F AZUL S A PUT Put 97,700 23.51 1 -100.00 n/a n/a n/a
2023-08-04 2023-06-30 13F AZUL S A PUT Put 79,100 -49.00 1 0.00 n/a n/a n/a
2023-04-27 2023-03-31 13F AZUL S A PUT Put 155,100 -32.12 1 0.00 n/a n/a n/a
2023-02-02 2022-12-31 13F AZUL S A PUT Put 228,500 -0.82 1 -99.95 n/a n/a n/a
2022-11-04 2022-09-30 13F AZUL S A PUT Put 230,400 30.10 1,875 49.16 n/a n/a n/a
2022-08-03 2022-06-30 13F AZUL S A PUT Put 177,100 -13.95 1,257 -59.41 n/a n/a n/a
2022-05-02 2022-03-31 13F AZUL S A PUT Put 205,800 -4.72 3,097 8.63 n/a n/a n/a
2022-02-23 2021-12-31 13F/A AZUL S A PUT Put 216,000 222.39 2,851 62.91 n/a n/a n/a
2022-02-04 2021-12-31 13F AZUL S A PUT Put 67,000 1,750 n/a n/a n/a
2021-10-28 2021-09-30 13F AZUL S A PUT Put 67,000 0.30 1,750 -0.74 n/a n/a n/a
2021-08-12 2021-06-30 13F AZUL S A PUT Put 66,800 41,390.68 1,763 442.46 n/a n/a n/a
2021-04-26 2021-03-31 13F AZUL S A PUT Put 161 117.57 325 -81.57 n/a n/a n/a
2021-02-02 2020-12-31 13F AZUL S A PUT Put 74 45.10 0 -100.00 n/a n/a n/a
2020-10-14 2020-09-30 13F AZUL S A PUT Put 51 -71.35 67 -66.33 n/a n/a n/a
2020-07-13 2020-06-30 13F AZUL S A PUT Put 178 147.22 199 172.60 n/a n/a n/a
2020-04-29 2020-03-31 13F AZUL S A PUT Put 72 63.64 73 -61.17 n/a n/a n/a
2020-02-05 2019-12-31 13F AZUL S A PUT Put 44 -81.74 188 -78.22 n/a n/a n/a
2019-10-15 2019-09-30 13F AZUL S A PUT Put 241 338.18 863 371.58 n/a n/a n/a
2019-07-26 2019-06-30 13F AZUL S A PUT Put 55 111.54 183 144.00 n/a n/a n/a
2019-04-18 2019-03-31 13F AZUL S A PUT Put 26 -52.73 75 -59.02 n/a n/a n/a
2019-01-16 2018-12-31 13F AZUL S A PUT Put 0 -100.00 0 -100.00 n/a n/a n/a
2018-10-23 2018-09-30 13F AZUL S A PUT Put 51 64.52 90 80.00 n/a n/a n/a
2018-07-30 2018-06-30 13F AZUL S A PUT Put 31 63.16 50 -44.44 n/a n/a n/a
2018-04-26 2018-03-31 13F AZUL S A PUT Put 19 0 n/a n/a n/a
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.