Jabil Inc (Ticker: JBL) opened new options trading today for contracts expiring on August 28. A put option at a $335 strike price has a current bid of $24.50, allowing investors to potentially acquire shares at an effective cost of $310.50, compared to the current trading price of $338.46. This represents roughly a 1% discount, with a 57% probability of the option expiring worthless, yielding a potential return of 7.31% on cash commitment, or 53.39% annualized.
Conversely, a call option at a $345 strike price has a current bid of $25.80. If investors buy JBL shares at the current price and sell this call option, they could see a total return of 9.56% at expiration if the stock is called away. The likelihood of this option expiring worthless is about 48%, which would yield a 7.62% additional return or 55.65% annualized.
Current implied volatility for both options stands at approximately 59%, while the actual trailing twelve-month volatility is calculated at 44%.
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