Upside Purchased on Jacobs Engineering (JEC)

Shares of Jacobs Engineering Group Inc. JEC are higher on the session by 1.47%, currently trading $40.82. The stock has been falling as of late and is struggling to hold the 200-day moving average. Options traders are betting that the stock will regain the level and move higher as they bought the June $40 call 3,000 times today for $2.30. Open interest on the strike is only 174 contracts, which suggests new, bullish positioning. Call volume is running at 2.20x the daily average with 85% of all calls traded being purchases on the offer. Jacobs Engineering Group Inc. is a technical professional services firm in the United States. It provides a range of technical, professional, and construction services to industrial, commercial, and governmental clients globally.