Investors in Jabil Inc (JBL) saw new options trading begin on August 14th. Notably, a put contract at a $365.00 strike price has a current bid of $24.50, allowing sellers to commit to purchasing shares at that price, effectively reducing the cost basis to $340.50. This strike price represents a 1% discount from the current trading price of $367.35, with a 56% chance of expiring worthless, which could yield a 6.71% return or 56.98% annualized on the cash commitment.
On the call options side, a contract at a $370.00 strike price, bidding at $25.20, enables investors to sell shares at that price if purchased at the current level. The total return could reach 7.58% if the option is exercised at expiration, with a 47% likelihood of expiring worthless, offering a booster return of 6.86% or 58.23% annualized if retained. The implied volatility for the put is 56%, while for the call it’s 55%, compared to an actual trailing 12-month volatility of 42%.
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