Put Options on JBL on 11/14/2013

Jabil Circuit (JBL) provides electronic manufacturing services and solutions worldwide.

The company operates in three segments: Diversified Manufacturing Services, Enterprise & Infrastructure, and High Velocity Systems. It offers electronics design, production, and product management services to companies in the aerospace, automotive, computing, consumer, defense, healthcare, industrial, instrumentation, medical, networking, packaging, peripherals, solar, storage, and telecommunications industries.

The company’s services include integrated design and engineering; component selection, sourcing, and procurement; automated assembly; design and implementation of product testing; parallel global production; enclosure services; systems assembly, direct order fulfillment, and configure-to-order; and injection molding, metal, plastics, precision machining, and automation services.

It also provides mobility, display, set-top boxes, and peripheral products, such as printers and point of sale terminals; and aftermarket services consisting of warranty and repair services.

Shares have formed a bearish flag after the firm warned of lower earnings. Last night's poor quarterly results from Cisco Systems (CSCO) did little to help JBL since Jabil is a contract manufacturer for Cisco. Lower share prices are expected for JBL.

52-Week Trading Range: $16.39 - $24.32

Last Trade: $19.82

Trade Buy 1 December $20.00 Put at $1.00 For a net debit of $1.00 Profit/Loss Analysis Breakeven at $19.00 Maximum profit is unbounded Maximum loss is ($100.00) at strike of $20.00 Closing Summary Sold 1 December $20.00 Put at $1.25

Position closed on 11/21/2013 at price of $1.25 with a 25.00% gain in 6 days.

Updates

11/21/2013 9:44:57 AM

We are taking profits on JBL put option.

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