corp jet weekend burst event
What it checks
When a corporate jet flies multiple times over a weekend or holiday, something urgent is happening — go long the short event window.
Mechanism
Routine corporate jet usage is Mon-Fri business hours. Weekend/US-holiday clusters (>=2 flights in 7d) are anomalous and signal urgency (board meetings, regulatory briefings, M&A negotiations, executive scenarios). Event-window long-vol on the resolution.
Signal rule
>=2 weekend/holiday flights in a rolling 7d window → LONG event window on T+1; hold 5/10d.
Data dependencies
daily_pricesAdjusted-close OHLCV for every US-listed ticker; primary price feed.
corporate_jet_flightsCorporate-jet flight history derived from OpenSky/ADSB sources and mapped to tickers.
Expected edge
- Paper alpha
- 50-200 bps
- Paper window
- T+1 to T+10d
50-200 bps over 5-10d.
Example tickers where this is likely to fire
Illustrative only — the signal fires based on the live data, not a fixed list.
Related families
corp jet cluster ma leakCorporate eventWhen >=2 distinct corporate jets (candidate acquirer + target) land at the same metropolitan/regional airport within a rolling 48h window, the pattern statistically precedes an M&A announcement leak. The single-jet "unusual destination" effect from Bao-Edmans 2023 (#201) is complemented here by a multi-party clustering rule on the same source data.
corp jet management distraction shortEventYermack 2014 showed excess CEO travel is associated with weaker operating performance. We generalize beyond vacations: monthly total corp-jet activity z >= +2 vs own 24mo baseline signals management distraction (heavy travel cycles, executive turnover, M&A negotiations).
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