Jack-in-the-Box (JACK) loses 15 cents to $20.25 and a 2000-contract block of Jun 22.5 calls trades at 25 cents when the market was 15 to 25 cents. 2,830 traded vs.845 in open interest. Looks like opening call buying ahead of earnings, tomorrow afternoon.
About the Author (Author Profile)
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.