Then analyzing the options chain and the chart patterns of JBL Jabil prior to the earnings report this week, I would consider purchasing the 110usd strike price Calls with an expiration date of 2023-10-20, for a premium of approximately $2.17. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
Trade closed: target reached
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JBL traded at $129.10 today, after earnings, and the Calls went up from $2.17 (when I wrote this article) to $20.00 intraday, for a fantastic 9.20X gain! Congrats to those who bought the calls!