Earnings Play of the Day Jabil Circuit (JBL) 9.25.2012

The 52-week range is 15.65 to 27.40 and the stock is currently sitting around the center of its trading range. The stock hit its high in March this year and fell more than $5.00 by the end of May and early June. Since then, the stock has rebounded slightly but has not made it back over $25. Dividends have released once a quarter, and have been steady at $0.08 for the past year. The last dividend increase, $0.01, was in November of 2011.

Trade:  Selling the October 20-19 Put Spread for $.30

Risk: $70 per 1 lot

Reward: $30 per 1 lot

Breakeven: $19.70

 JBL Earnings Trade