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.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.