$JBL Rangebound Finding Support

2 באוק׳ 2018

JBL has been fairly rangebound for the better part of the last year. We tagged the lower support line yesterday and have begun to turn back up.
Adding to the bullish sentiment, we also saw 3.5M worth of leap call options traded yesterday - with about 6k $27 strike Jan'21 contracts purchased.

Targeting a move back to $30 by early November.


Note: Informational analysis, not investment advice.