Agree To Purchase Johnson Controls International At $35, Earn 5.3% Using Options

Investors eyeing a purchase of Johnson Controls International plc (JCI) shares, but tentative about paying the going market price of $42.03/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2019 put at the $35 strike, which has a bid at the time of this writing of $1.87..