Jabil Inc (Symbol: JBL) has introduced new options contracts expiring on November 6th, 2023. A particular put contract at the $305.00 strike price currently has a bid of $19.10, making it an appealing option for investors looking to enter at a cost basis of $285.90 after accounting for the premium.
The put contract, which is approximately 1% below the current trading price of $306.74, has a 56% probability of expiring worthless, offering a potential 6.26% return on cash commitment, equating to a 53.11% annualized yield. Additionally, a call contract at the $310.00 strike price is available with a current bid of $20.00, representing a potential total return of 7.58% if exercised at expiration. The chance of this call expiring worthless is 47%.
Implied volatility for both options is around 54%, while actual trailing twelve-month volatility is calculated at 46% based on recent trading data.
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