JetBlue Airways Corp (JBLU) commenced trading today for new options set to expire in December 2027. The options include a $4.00 strike put contract with a current bid of 29 cents, allowing investors to potentially purchase stock at $4.00 while earning a premium. The current market price of JBLU is $4.27, making the put contract about 6% out-of-the-money.
Analytical data indicates an 85% chance that the put contract will expire worthless, potentially yielding a 7.25% return on the cash commitment if successful. The implied volatility for this put contract is at 124%, compared to the trailing twelve-month volatility of 80% based on past trading values.
