Investors in Jabil Inc (NYSE: JBL) observed new option contracts beginning to trade on May 22nd. Notably, a put contract with a strike price of $260 has a current bid of $13.60, allowing an effective purchase price of $246.40 per share after premium collection, compared to a current market price of $267.51. This represents an approximate 3% discount to the current trading price, with a 61% probability of the put expiring worthless.
On the calls side, there is a contract at the $270 strike price, trading at a bid of $16.20. If an investor buys shares at $267.51 and sells this covered call, they could see a total return of 6.99% by expiration, assuming the shares are called away. This strike is about 1% above the current price, with a 47% chance of expiring worthless.
The implied volatility for the put contract is 50%, while for the call contract it stands at 46%. The actual trailing twelve-month volatility is calculated at 42%.
