Stocks On the Move: JetBlue Airways Corporation, Organovo Holdings Inc, and Patterson-UTI Energy, Inc.

U.S. stocks are scorching up the charts, with Dow 20,000 looking like a real possibility. Among specific equities in focus today are frequent flier JetBlue Airways Corporation (NASDAQ:JBLU), biotech stock Organovo Holdings Inc (NASDAQ:ONVO), and drilling specialist Patterson-UTI Energy, Inc. (NASDAQ:PTEN). Here's a quick look at what's moving JBLU, ONVO, and PTEN.

• JBLU is 6.1% higher at $22.93, after the airline said its revenue per air seat mile (RASM) should fall less than expected this quarter, and added that its 2017 system air seat miles will increase up to 8.5%. The company also announced it will double its share buyback program due to the profitability of its checked bag fees. As such, JetBlue Airways Corporation is on track for its highest settlement since late February. With the stock soaring of late, it's not surprising options traders have been buying to open calls over puts at an extreme rate. JBLU sports a top-heavy 10-day International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) call/put volume ratio of 50.36 -- outstripping all comparable readings from the prior year.
  
  
• ONVO has jumped 9.1% to hover around $3.70, after the firm's 3-D bioprinted human liver tissue implants were well-tolerated by mice. In so doing, the stock has closed its mid-October bear gap, and is now up 48.4% since its most recent bottom of $2.48 on Oct. 31. This should be a boon to recent Organovo Holdings Inc call buyers. At the ISE, CBOE, and PHLX, traders have scooped up nearly 600 call options in the last two weeks, versus just 10 ONVO puts.

• PTEN has tanked 8% to trade at $26.37, pulling back from yesterday's two-year high of $29.55, after the company agreed to buy sector peer Seventy Seven Energy in an all-stock deal worth $1.8 billion. In fact, Patterson-UTI Energy, Inc. shares are looking at their worst percentage drop since January. Plenty of short sellers have been banking on losses, too. Nearly 18% of PTEN's float is dedicated to short interest, which would take over seven sessions to cover, at the stock's average daily volume.