Calls Purchased on Jones Land Lasalle (JLL)

Shares of Jones Lang Lasalle Inc. JLL are lower on the session by 2.65%, currently trading $67.89. The stock drifted lower throughout May and is breaking through the 50-day moving average to the downside in today’s trade. One trader is betting that the stock will rebound, though, and is buying calls. The June $75 call was purchased 956 times for $0.74, very near the offer. Open interest on the strike is 1,847 contracts, Call volume is running at 2.40x the daily average. Jones Lang LaSalle Incorporated provides integrated real estate and investment management knowledge on a local, regional and global level to owner, occupier and investor clients.