Home > Boards > Free Zone > All Trading - Technical > Market Direction and Stock Trends

Call Traders Board JetBlue Airways Corporation (JBLU) Stock

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
DiscoverGold Member Profile
Member Level 
Followed By 569
Posts 75,335
Boards Moderated 43
Alias Born 03/10/04
160x600 placeholder
Lockheed Martin CFO Steps Down
By Kimberly Chin Lockheed Martin Corp. Chief Financial Officer Kenneth Possenriede will step down to retire due to personal reasons.
Reinsurer RGA Reports Positive FX Impact on Income -- Currency Comment
Top Stories of the Day
U.S. Crude-Oil Stockpiles Likely to Fall in DOE Data, Analysts Say -- Update
Top Company News of the Day
Public Storage Raises Annual Guidance
Public Storage' 2Q FFO, Revenue Growth Beat Wall Street Targets
Amgen's 2Q Profit Drops on Acquisition Write-off, Revenue Growth Beats Wall Street Target
Amgen Cuts Annual EPS Guidance
Front Month Nymex Natural Gas Rose 2.34% to Settle at $4.0270 -- Data Talk
Soybeans Decline on Lack of Export Interest -- Daily Grain Highlights
Front Month Nymex RBOB Gasoline Fell 0.17% to Settle at $2.2708 -- Data Talk
Fidelity National Information Services Falls 7% Following 2Q Earnings
Pollard Banknote Secures Four-Year Contract with Maryland Lottery
STOXX Europe 50 Index Ends 0.32% Higher at 3581.90 -- Data Talk
Oersted AS's Onshore Business Unit CEO Steps Down
DAX Ends 0.09% Lower at 15555.08 -- Data Talk
EURO STOXX 50 Index Ends Flat at 4117.95 -- Data Talk
OLB Group Shares Rise on New Cryptocurrency Subsidiary
CAC 40 Index Ends 0.72% Higher at 6723.81 -- Data Talk
STOXX Europe 600 Index Ends 0.20% Higher at 465.38 -- Data Talk
FTSE 100 Index Ends 0.34% Higher at 7105.72 -- Data Talk
U.S. Crude-Oil Stockpiles Likely to Fall in DOE Data, Analysts Say
FTSE 100 Closes Higher After Positive Corporate Earnings
Starbucks On Pace for Longest Losing Streak Since February 2020 -- Data Talk
Fidelity National Down Over 8%, on Pace for Largest Percent Decrease Since March 2020 -- Data Talk
Unemployment Rate Seen Ticking Down to 5.7% -- Data Week Ahead
Moderna Gets FDA Fast Track Designation for Respiratory Syncytial Virus Vaccine
Abbott Gets FDA Approval for AI-Powered Imaging Tech
Activision Blizzard Names New Leaders for Blizzard Entertainment
DiscoverGold Member Level  Tuesday, 05/25/21 02:54:25 PM
Re: None
Post # of 38859 
Call Traders Board JetBlue Airways Corporation (JBLU) Stock Amid C-Suite News
By: Schaeffer's Investment Research | May 25, 2021

• JBLU calls are crossing at three times the average intraday pace today

• JetBlue stock is up 118% year-over-year

Some c-suite news and a solid technical setup has call traders excited about JetBlue Airways Corporation (NASDAQ:JBLU). The company announced industry veteran Laurie Villa will begin serving as JetBlue's chief people officer beginning June 2021. In response, JBLU is trading 1% higher, last seen at $20.24 to extend its year-to-date lead to 39.2%. Nearly two months removed from a three-year peak of $21.96, JetBlue stock is once again trading above the 50-day moving average -- a trendline that's put pressure on the shares since late April -- and sports a 119.4% year-over-year lead.

So far today, 12,000 calls have exchanged hands, which is three times the intraday average and well above the 1,492 puts that have crossed the tape. Most popular is the monthly June 21 call, followed by the 20-strike call from the same series. This suggests options traders are speculating on a lot more upside for JetBlue stock by the time these contracts expire next month.

Puts have been more popular lately. More specifically, JetBlue stock's 10-day put/call volume ratio of 0.87 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) sits higher than 80% of all readings. So while calls still outnumber puts on an absolute basis, the high percentile reveals a stronger-than-usual preference for puts of late.

For those wanting to speculate on the stock's next move, options look like a prudent play at the moment. The equity's Schaeffer's Volatility Index (SVI) of 40% is higher than just 3% of readings from the past year. This indicates that the options market is pricing in relatively low volatility expectations right now -- a boon for premium buyers.

Read Full Story »»»


Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Caveat emptor!
• DiscoverGold
Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
Current Price
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist
Consent Preferences