Jabil, Inc. JBL – Options Recap:
As we’ve been mentioning recently, we are continuing to fight our way through the heart of a major earnings drought. Case in point- there are ZERO pre or post-market reporters on the calendar for today. Yesterday was was also quite dry with the exception of JBL, for which we formulated an options ideas in our premarket report.
We designated the JBL Weekly $50-55 Calls as our targets of interest, and they exhibited some nice intraday activity; the $55’s in particular. The total ranges and possible gains on those targets were as follows:
JBL Weekly $50-55 Calls
$50: 6.45-8.10 (+26%)
$55: 1.10-3.47 (+215%)
Fresh Options Ideas:
Yesterday’s post-market earnings releases by companies with at least a billion-dollar market cap are our only source of earnings-related ideas to close out the week today, and the calendar was limited to just two.
We’ll go ahead and set some potential targets in both of those options chains, but be advised that these are weeklies, and trading options on their day of expiration should be undertaken only with experience and extreme caution as premiums will begin to evaporate. Only play with what you can afford to lose under a worst-case scenario!
ADBE Weekly $555-570 Calls
SWBI Weekly $20 Calls
Goff Corp. GOFF – Review:
The stock has made an absolutely massive run from our observed low subsequent to our report in May, which came in at .033, and culminated in a new high of .2369 yesterday. That represents a monster move of 618% in just a shade over a month’s time!
ANPC, UTME, GERN, CYBL, FUTL, VMSI, JPEX, PPJE, ILST, ICOA