Puts Purchased on Jabil Circuit, Inc.

Shares of Jabil Circuit, Inc. JBL are lower on the session by 1.94%, currently trading at $18.24. The stock has been moving largely lower over the past six weeks and is currently trading below the 200-day moving average. Options traders are buying puts on the name today. A short while ago the July 2011 $19.00 put was purchased 2,000 times, on the offer, on open interest of 1,411 contracts. Overall put volume is now running at 2.76x the daily average with 90% of all puts traded being purchases on the offer. Jabil Circuit, Inc. is a provider of worldwide electronic manufacturing services and solutions. The company provides electronics design, production, product management and aftermarket services to companies in the aerospace, automotive, computing, consumer, defense, industrial, instrumentation, medical, networking, peripherals, solar, storage and telecommunications industries.