Investors in Jabil Inc (JBL) gained access to new options today with an expiration date of January 2029. Notably, a put contract at the $300.00 strike price has a bid of $68.50, allowing sellers to potentially purchase shares at $300.00 while effectively reducing their cost basis to $231.50 due to the premium collected. This strike price is approximately 2% below the current trading price of $305.15, with a 70% chance that the put may expire worthless, offering a potential return of 22.83% on cash commitment, or 9.71% annualized.
On the call side, a covered call at the $400.00 strike price has a bid of $71.50. If shares are sold via this contract, the total return could reach 54.51% if the stock is called away by expiration. This strike price reflects a 31% premium to the current trading price, with a 44% chance of the call contract expiring worthless. Should this occur, investors would secure an extra return of 23.43%, or 9.97% annualized. The implied volatility for the put and call examples is 49% and 51%, respectively.
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