How To Play Jabil Circuit's Earnings (JBL)

Shares of Jabil Circuit, Inc. JBL are higher on the session by 1.03%, currently trading at $26.95. The company is scheduled to report earnings later today, after the closing bell. For a full earnings preview, including technical breakdown, earnings/guidance estimates, and volatility metrics, please click here. Playing stocks into earnings is often considered flat out gambling, but if done right, traders can take advantage of near-term discrepancies in price to reap large rewards. Feeling lucky? Here are few trade setups to voice your bear or bull opinion… Bulls: The bulls will note that the stock has garnered bullish momentum as of late and is now sitting at a break-out level, which if broken, could bring shares prices upwards of $16.00 very quickly. A bullish trader might implement the following trade: buy the October $14/15 call spread for a net debit of $0.40. Max gain is $0.60 (+150%). Max loss is limited to the cost of the trade. Bears: Bears will note that, due to the stocks recent rally, the stock is overbought and due to pullback towards support. The 200-day is often considered heavy resistance. A bearish options trader might execute the following trade: buy the October $14/12 put spread for a net debit of $0.70. Max gain is $1.30, max loss in limited to the debit paid. Wondering how Benzinga's Chief Options Strategist is playing Jabil Circuit? Click here to find out…he recently called Best Buy's better-than-expected earnings and made subscribers 2,300% on their options position. No…that's not a typo.