JBL Analysis

Jabil Inc. (JBL)

Update 9/21/2017: JBL moved its earnings announcement to Wednesday, Sept. 27, two days before the options in my position expire. I shall roll the position forward to a later expiration, probably the options expire Oct. 6.


JBL publishes earnings on Wednesday (Sept. 27 — see update above)) after the closing bell.

I shall use options that trade for the last time nine days hence, on Sept. 29. (See update above.)

Implied volatility stands at 35%, which is 3.5 times the VIX, a measure of the volatility of the S&P 500 index.

JBL’s IV stands in the 73rd percentile of its annual range and at the peak of its most recent broad movement.

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The Week Ahead: Money policy, housing

The Federal Open Market Committee culminates a two-day meeting on Wednesday with an announcement and forecasts at 2 p.m. New York time, and a news conference with Fed Chair Janet Yellen at 2:30 p.m.

The FOMC raised the Fed Funds Rate to 1.25% on June 14. Widely held expectations are for one more rate increase this year, and Wednesday’s meeting would be a prime candidate for the decision.

Two major housing reports will be issued: Housing starts, on Tuesday at 8:30 a.m. and existing home sales on Wednesday at 10 a.m.

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ORCL Analysis

Oracle Corp. (ORCL)

ORCL publishes earnings on Thursday after the closing bell.

I shall use options that trade for the last time 15 days hence, on Sept. 29.

Implied volatility stands at 29%, which is 2.8 times the VIX, a measure of the volatility of the S&P 500 index.

ORCL’s IV stands at the peak of both its annual range and its most recent broad movement.

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