Jabil Circuits (JBL) adds 54 cents to $26.37 and 8,000 Mar 25 puts are sold on the stock at 22 cents per contract. The put write is opening and tied to stock (at $26.35 on a 21 delta). Mar 25 puts on JBL are 5.2 percent OTM with 15 days of life remaining. The stock is near 52-week highs after a 34.1 percent year-to-date rally. Levels of implied volatility are down 1.5 percent to 32 today. Earnings expected around Mar 20 (unconfirmed) and possibly outside of the March expiration.
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Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.