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Technology Stocks : Jabil Circuit (JBL)
JBL 192.45-3.9%Nov 20 3:59 PM EST

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To: Asymmetric who wrote (4430)8/5/1998 4:28:00 PM
From: Sam  Read Replies (1) of 6317
 
Peter,
" I will only need a few points move upward to reap nice gain on my option position :-) And I have about 8 months for this event to occur - once. What do you think the probability of that might be?"

Being long some JBL stock, I hope you make money. However, whether you profit from a "few points move upward" depends on the timing of the move. If the market and the ECMs tank over the next few months, the premium on the option will shrink. JBL could be at 33 next Nov, but the March 35 option might only be at 4 or 5 due to the eroding time value on the option. I think you'll probably make money, but its trickier than it looks on the face of it.
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