Commit To Purchase Acuity Brands At $155, Earn 8.3% Annualized Using Options

Investors eyeing a purchase of Acuity Brands Inc (AYI) stock, but tentative about paying the going market price of $173.10/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the November put at the $155 strike, which has a bid at the time of this writing of $7.90..