Trade Ideas
UOA PRO New Trade Idea JBLU 7-23
10,000 21August 5 puts bought for 0.46 to 0.48 in one order above open interest of 2,996 contracts. Stock 4.85-4.95.
By Wayne Razzi | Market Rebellion · July 23, 2026
New Trade Idea
Ticker: JBLU
Stock: 4.80
Trigger: 4.77
Targets/Resistance: 4.40, 4.10
Expiration Date: 21AUG
UOA: 10,000 21August 5 puts bought for 0.46 to 0.48 in one order above open interest of 2,996 contracts. Stock 4.85-4.95.
JBLU $4.83 Last.
Large Aug. set ATM put buy appears with the stock losing the 200 SMA and XTN cracking along with the major indices. Days not over yet and the Gang is working on lifting stocks from the lows but prepping in case there’s more downside.
Trigger: $4.77, today’s current low.
Strategy 1: Consider the JBLU 21Aug. 5.50 puts for $0.85 projected at trigger level today.
Targets: 4.40, 4.10