• 
• See all for optionMONSTER
• View Print Version

• Call buyers aim to climb with Rock-Tenn

• JBHT 100% Rate It

One investor has no fear before of J.B. Hunt Transport Services reports earnings next week.

optionMONSTER's tracking systems detected the sale of about 3,500 August 55 puts for $0.55 and $0.60. Volume was more than twice open interest at the strike.

The investor is now obligated to buy shares in the Arkansas-based trucking company for $55 if they close below that level on expiration. If they remain above it, he or she will keep the credit and the contracts will expire worthless.

JBHT is down 0.28 percent to $59.48 in afternoon trading but is still near its all-time high of $61.18 from last month. The stock is up 32 percent so far this year and has beaten estimates the last three times it reported earnings.

Today's put seller probably expects another good release when results come out on Monday. The trader may also be willing to write protection at $55 because the stock consolidated at that level between March and early June--which suggests that it will now offer support. (See our Education section)

Overall option volume is 5 times greater than average so far today.

Related Options Articles

• 
  Fortress pullback brings out the bulls
  5/24/2013 05:24 AM
• 
  Trader positions for drop in Symantec
  5/24/2013 04:25 AM
• 
  Short-term bears target Melco Crown
  5/24/2013 04:24 AM