Calls Purchased on Jabil Circuit (JBL)

Shares of Jabil Circuit Inc. JBL are trading lower on the session, currently at $13.92, off 1.42%. The stock has been flirting with the 200-day moving average to the downside, and has breeched lower during today’s trade. Options traders are betting that the stock will hold the level and, perhaps, move slightly higher in the near term. The May $15 call traded 1,696 times today on open interest of 2,534 contracts in addition to the May $16 calls, which traded 2,340 times in open interest of 3,356 contracts. Call volume in Jabil Circuit is running at 3.06x the daily average with 86% of all calls traded being purchases on the offer. Jabil Circuit, Inc. is a provider of worldwide electronic manufacturing services and solutions.