Calls Sold on Jabil Circuit (JBL)

Shares of Jabil Circuit Inc. JBL are higher on the session by 9.12%, currently trading at $14.83. The stock is rallying strongly today on the heels of better than expected Q3 results, as well as some upgrades. Options traders are taking advantage of the increased premiums and are selling calls on the name. The July $14 call was sold 1,908 times on open interest of 3,811 contracts and the July $15 call was sold 1,486 times on open interest of 4,002 contracts. Call volume is now running at 4.15x the daily average. 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, storage and telecommunications industries.