Jabil Inc (Symbol: JBL) introduced new options today, with expiration set for May 8th. Notably, the $270.00 put contract carries a current bid of $12.10, allowing investors to potentially buy shares at an effective cost basis of $257.90, approximately 6.5% below the current trading price of $274.84/share, representing a 2% discount. There’s a 58% chance this put contract could expire worthless, which would yield a 4.48% return on the cash commitment, or 38.04% annualized.
On the call side, the $280.00 strike price call contract, with a bid of $12.70, offers a potential total return of 6.50% if exercised. This strike price is about 2% above the current trading level, marking a 52% chance of expiration without exercise. If that occurs, the investor would retain both the shares and collected premium, resulting in a 4.62% yield boost, or 39.22% annualized.
The implied volatility for the put is at 44% and for the call at 45%, while the actual trailing twelve-month volatility stands at 42%.
