Jack in the Box Inc (JACK) $23.18 -2.67%
Jack in the Box (JACK) loses 62 cents to $23.20 and 6000 Sep 25 calls are bought on the stock for $1.10 per contract. The position is opening and tied to 240K shares at $23.20. The stock is on a four-day 4 percent losing skid, but up 15.5 percent year-to-date. A 52-week high of $24.17 was set on March 29. Today’s call buyer seems to be anticipating a move beyond that level through September.
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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.
