Agree To Purchase Gannett At $20, Earn 7% Using Options

Investors considering a purchase of Gannett (GCI) stock, but cautious about paying the going market price of $28.28/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 $20 strike, which has a bid at the time of this writing of $1.40..