What the Options Market Tells Us About Jabil

Investors with a lot of money to spend have taken a bullish stance on Jabil JBL.

And retail traders should know.

We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with JBL, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 15 uncommon options trades for Jabil.

This isn't normal.

The overall sentiment of these big-money traders is split between 66% bullish and 33%, bearish.

Out of all of the special options we uncovered, 13 are puts, for a total amount of $565,116, and 2 are calls, for a total amount of $88,670.

Latest Startup Investment Opportunities:

Projected Price Targets

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $120.0 to $155.0 for Jabil over the recent three months.

Insights into Volume & Open Interest

In terms of liquidity and interest, the mean open interest for Jabil options trades today is 1995.0 with a total volume of 5,655.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Jabil's big money trades within a strike price range of $120.0 to $155.0 over the last 30 days.

Jabil 30-Day Option Volume & Interest Snapshot

Noteworthy Options Activity:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
JBL PUT SWEEP NEUTRAL 04/19/24 $135.00 $86.4K 4.1K 769
JBL PUT SWEEP BULLISH 04/19/24 $140.00 $82.7K 4.3K 225
JBL PUT SWEEP BULLISH 09/20/24 $135.00 $53.9K 158 65
JBL CALL TRADE BULLISH 04/19/24 $145.00 $50.4K 554 124
JBL PUT SWEEP NEUTRAL 04/19/24 $140.00 $47.9K 4.3K 505

About Jabil

Jabil Inc is a United States-based company engaged in providing manufacturing services and solutions. It provides comprehensive electronics design, production and product management services to companies in various industries and end markets.The Company derives its revenue from providing comprehensive electronics design, production and product management services. It operates in two segments. The Electronics Manufacturing Services (EMS) segment, which is the key revenue driver, is focused on leveraging IT, supply chain design and engineering, technologies largely centered on core electronics. The Diversified Manufacturing Services (DMS) segment is focused on providing engineering solutions, with an emphasis on material sciences, technologies, and healthcare.

Following our analysis of the options activities associated with Jabil, we pivot to a closer look at the company's own performance.

Current Position of Jabil

  • With a trading volume of 559,999, the price of JBL is down by -2.28%, reaching $147.79.
  • Current RSI values indicate that the stock is may be approaching overbought.
  • Next earnings report is scheduled for 4 days from now.

Professional Analyst Ratings for Jabil

A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $161.0.

  • An analyst from Goldman Sachs persists with their Buy rating on Jabil, maintaining a target price of $161.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Jabil options trades with real-time alerts from Benzinga Pro.

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JBLJabil Inc
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