I just bought 10 Jabil (JBL) LEAPS.
As most readers know I made a mistake when buying a JBL LEAPS on Tuesday. That was a $45 Call Option I was trying to own. After getting out of that ill-filled order the stock dropped yesterday. Today I placed an order for the $42 Call (LEAPS) and I was just filled. I bought a 10 contract of the JBL $42 1/21/22 Call with a $7.80 premium. This option has a .59 Delta. The premium of this option will move 59¢ for ever $1 move in the stock.
Buy to Open 10 JBL $42.00 1/21/22 C @ $7.80 ($7800)
This is a great stock with an “A” rating, and this Call doesn’t expire until 2022 so this trade gets a Risk Factor 1. I’m not sure how long I’ll hold this LEAPS but RBC just raised it’s price target to $44, and Citigroup raised it to $47.
I’m gonna do a lot more investigating into JBL and if I like what I find I’ll place this LEAPS into my Stock Alternative Portfolio.
Make sure you read Wealth Builder. The first page is Welcome to Wealth Builder.
Successful trading,
Steve
The Options Coach