JetBlue (JBLU) is up a dime to $4.58 and, after some turbulent trading last week, is on a four-day 10.6 percent winning run higher. Some investors seem to expect the stock to gain additonal altitude in the months ahead. Sep 6 calls are the most actives in the airliner, with 4,056 contracts traded so far. The flow included a morning sweep of 1,000 contracts at the 15-cent asking price. Later in the afternoon, another 1,375 also traded for 15 cents. Total volume in Jetblue is 5,880 calls and 640 puts and 30-day ATM vols are up 6.5 percent to 50.
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.