Investors in Jabil Inc. (JBL) can now trade new options expiring on September 4th. Notably, a put contract at the $320.00 strike has a bid of $23.10, allowing investors to potentially purchase shares at an effective cost of $296.90, compared to the current trading price of $323.12. This put represents about a 1% discount and carries a 57% chance of expiring worthless, offering a projected 7.22% return on cash commitment.
On the calls side, a contract at the $325.00 strike price has a bid of $25.30. By selling this covered call, investors could achieve an 8.41% total return if shares are called away at expiration, with a 46% chance of the contract expiring worthless. This would provide a 7.83% additional return, or 66.46% annualized, without needing to sell shares.
The implied volatility for both the put and call contracts stands at 62% and 61%, respectively, while the actual trailing twelve-month volatility is measured at 44%.
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