Jabil Circuits (JBL) June 7.5 puts are being bought this morning. Shares are down 16 cents to $6.78 and 2,512 contracts changed hands so far. 829 contracts traded on the ISE and are opening customer put buys, according to sentiment data. The timing seems odd, because the options expire this week. The St Petersberg, Florida-based electronics maker is expected to report earnings June 23, after the expiration.
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Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.