Commit To Purchase Journal Communications At $7.50, Earn 9.4% Annualized Using Options

Investors eyeing a purchase of Journal Communications Inc (JRN) shares, but tentative about paying the going market price of $8.79/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the August put at the $7.50 strike, which has a bid at the time of this writing of 30 cents..