Investors in Jabil Inc. (JBL) began trading new options contracts today, specifically targeting expiration on July 17. A noteworthy put contract is available at a $350.00 strike price, with a bid of $27.20, allowing investors to potentially lower their cost basis to $322.80 if they sell to open the contract. This represents about a 1% discount to the current share price of $355.15, with a 58% chance that the put will expire worthless, offering a potential 7.77% return on cash commitment.
On the calls side, there is a call contract at a $360.00 strike price with a bid of $30.50. If shares are bought at the current price and this covered call is sold, an investor could see a total return of 9.95% if called away at expiration. There is a 47% chance that the covered call would expire worthless, allowing the investor to retain both shares and the premium collected, resulting in an 8.59% extra return. The implied volatilities for the put and call contracts are 54% and 56%, respectively.
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