Investors in Jabil Inc (JBL) received new options for expiration on September 25. A notable put contract at a $345.00 strike price has a current bid of $27.30, allowing investors to potentially buy the stock at a discounted cost basis of $317.70. This option represents a 1% discount to the current trading price of $347.55, with a 57% chance of expiring worthless, providing a potential 7.91% return on the cash commitment, or 57.77% annualized.
On the call options side, a contract at the $350.00 strike price is currently bid at $29.80. If an investor sells this “covered call,” they commit to sell JBL shares at $350.00, potentially realizing a 9.28% total return at expiration, excluding dividends. The $350.00 strike is also about 1% above the current share price, with a 46% chance of expiring worthless, leading to an 8.57% boost to returns if it does.
The implied volatility for the put is 61% and for the call, 62%, while the actual trailing twelve-month volatility stands at 45%.
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