Commit To Buy Greenbrier Companies At $20, Earn 10.3% Annualized Using Options

Investors eyeing a purchase of Greenbrier Companies Inc (GBX) stock, but tentative about paying the going market price of $28.71/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2017 put at the $20 strike, which has a bid at the time of this writing of $1.20..