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1,000 Jacobs Solutions Inc. (Symbol: J) Calls Trade in Earnings Expiration

1,000 Jacobs Solutions Inc. (Symbol: J) Calls Trade in Earnings Expiration

OptionWatch:

Posted November 16, 2023 at 11:00 am

Jeff Praissman
Interactive Brokers
J

This morning 1,000 Jacobs Solutions Inc. (Symbol: J) December 15 ’23 140 calls traded at $3.10. At the time of the stock was trading at between $137.51 and $137.61. The J December 15 ’23 calls are a 43 delta, so the trade is the equivalent of 43,000 shares of stock. 

J is scheduled to release earnings on November 21st which falls in the December 15 ’23 expiration. J has a mixed record of slightly under and overperforming estimates in the past eight cycles.

Jacobs Solutions Inc. (Symbol: J), past eight cycles, 2023
Source: Interactive Brokers

J is currently trading at $137.54. J has a 52-week high of $141.00 and a 52-week low of $108.78.

Jacobs Solutions Inc. (Symbol: J), 1 Year/Weekly candles, November 16, 2023, IBKR Trader Workstation
Source: Interactive Brokers

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3 thoughts on “1,000 Jacobs Solutions Inc. (Symbol: J) Calls Trade in Earnings Expiration”

  • Roger B Fox

    Assuming this was a BTO their timing could not have been worse. I see the stock closed at 133.10 and the calls went out at a 1.30 bid vs their price of 3.10. That’s a paper loss of
    $180000.

  • zvon

    What that means “this trade is the equivalent of 43,000 shares” and why is this important
    Thanks

    • Interactive Brokers

      Hello, we appreciate your question. This option contract represents 100 shares of stock. A delta represents the rate of change in the value of a call option with respect to a change in the price of the underlying asset. We hope this helps!

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