Investors considering a purchase of Gannett Co (GCI) stock, but tentative about paying the going market price of $25.48/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2016 put at the $15 strike, which has a bid at the time of this writing of $1.40. Collecting that bid as the premium represents a 9.3% return against the $15 commitment, or a 4% annualized rate of return (at Stock Options Channel we call this the YieldBoost).
Agree To Buy Gannett Co At $15, Earn 9.3%
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