Upside Purchased on Johnson Controls (JCI)

Shares of Johnson Controls Inc. JCI are lower on the session by 4.18%, currently trading at $26.59. The stock has been trading largely lower over the past two months. Options traders are betting that the stock could recover from here, though. The July $25.00 call was purchased, on the offer, 1,000 times on open interest of 267 contracts. The July $27.50 call also traded 3,000 times on open interest of 3,339 contracts. Call volume is now running at 2.5x the daily average. Johnson Controls, Inc. operates in building efficiency, automotive experience, and power solutions businesses worldwide. The company’s building efficiency business designs, produces, markets, and installs integrated heating, ventilating, and air conditioning systems, as well as building management systems, controls, and security and mechanical equipment.