Hugh L. O'Haynew's
בס״ד
Posted on October 9, 2023
We traded Jabil, Inc. (NYSE:JBL) back in mid-August for a healthy 525% win, and now we’re swinging again for the fences.
JBL, you’ll recall, does electronics.
Among other things.
But the stock… well, she’s got a mind of her own.
And that’s the reason we’ve chosen her to underlie this week’s mastodon-sized 4900% potential profit!
But before we do, we have several biggies to close.
And we’re starting with VVV.
Details of the trade can be gotten HERE.
To sum, we’re holding the December 15th 35 synthetic short and a debit of $2.55.
And…?
The short can be closed today for a gain of $3.20 (3.70/0.50).
Buy back the CALL and sell the PUT, and you exit with $0.65 NET on nothing laid out.
Adjusted for minimal commissions gives you a gain of 333%.
Now go spread it around with a butter knife.
Next up is our OSK initiative, the particulars of which are located HERE.
In brief, we’ve got a $1.35 credit in hand with the initial CALL spread still open (October 20th 110/115).
And we believe it’s now time to shut her down for good.
Buy back the short CALL for $0.05 and you mosey out with $1.30 NET on no initial outlay.
And that makes for a generous 767%.
Finally, our TEX trade begs for closure.
Full data on the initiative can be sourced HERE, but the gist is: we’ve got a $2.40 credit and are holding tight the December 15th 55 synthetic short.
And with the stock now at $53.11, we’re walking.
Buy back the short CALL for $3.30 and sell the PUT for $4.60 and yours is $3.70 NET on $0.30 spent.
And that’s—
Not bad…
Above is the lifetime MONTHLY chart for JBL.
Are you a buyer here…?
Good on ya, squire.
Now this—
The fundamentals on JBL are not so melodic.
Consider…
So what’s that tell you…?
And may the G-d of Israel’s Holy Name be sanctified on earth as it is in heaven.
Hugh L. O’Haynew
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