Jabil Circuit (JBL) Message Board

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Technology Stocks : Jabil Circuit (JBL)

JBL 243.62

+0.6%

Jan 28 3:59 PM EST

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To: Rosemary who wrote (4317)	8/5/1998 2:52:00 PM
From: Asymmetric	Read Replies (3) of 6317

Hi Rosemary, Well, I got my options today. Picked up 15 contracts March 30 (1999) for 6 3/8 apiece ($9500). So at today's price of 30 1/2, I'm holding the right to buy $45,750 of Jabil stock for $9500. So far another 13 contracts have traded at $6 (duh) for a total of 28 contracts March 30's traded today. Wish me luck. Now that I've got them not sure I really want them! That's probably a good sign as so much of trading is actually counterintuitive and going against your emotions. So at some point over the next 8 months, Jabil needs to approach $36 for me to get to breakeven. I usually don't post my trades publicly but was interested in any responses from the Jabil peanut gallery. It'd be interesting if someone who follows this thread wrote the options I bought. Anyone up for a discussion of the pro's and con's of options trading? Any options mavens out there care to dissect this trade? It's okay if you think I could have done better. I'm here to learn. Y'all can see how I make out from now till March. Good luck to all. Peter.

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