Commit To Purchase Bojangles' At $12.50, Earn 8.8% Annualized Using Options

Investors eyeing a purchase of Bojangles' Inc (BOJA) shares, but tentative about paying the going market price of $14.10/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the February 2019 put at the $12.50 strike, which has a bid at the time of this writing of 55 cents..