Puts Purchased in Jabil Circuit

Shares of Jabil Circuit (NYSE: JBL) are on the rise today, which is surprising given the sell off occurring in the marketplace. The provider of worldwide electronic manufacturing services and solutions is seeing some puts traded today however; the September $12.50 puts were purchased 1,400 times on the offer a short while ago. This action pushed put volume in the name to 2.32x its daily average.

Jabil Circuit is currently trading between the 50 and 200-day moving averages. One would expect Jabil to find support around the 200-day, which is at roughly $14.25, though the above trade is betting the stock shoots straight through that level.