ACTION:
Buy to open the JBL May 24 calls (JBL150515C00024000, $0.60, up $0.05) at current levels.
Dear Momentum Options Subscriber,
I have one more New Trade on a name setting fresh 52-week highs that I want to add to the portfolio.
I will be back within the hour with the Mid-Market Update.
Jabil Circuit (JBL, $23.96, up $0.07)
Buy to open the JBL May 24 calls (JBL150515C00024000, $0.60, up $0.05) at current levels.
Shares touched a 52-week high of $23.78 in late March, and that level was breached earlier this week. A run to $26-$28 could come on a breakout above $24, and I like these call options to play the move. These are the regular monthly options that expire on May 15.
All prices given in this update are current as 11:30 a.m. EST.
Every new Momentum Options recommendation is listed with the price at which I entered my own position. If the price is slightly different than my recommended entry or exit price when you receive the alert, don’t let that keep you from getting into or out of a trade. Occasionally, you might even get a better “fill” price than what is posted in the Open Trades and Closed Trades.
Trade on!
Rick Rouse
Editor and Chief Options Strategist
Momentum Options