Commit To Buy John Bean Technologies Corp At $55, Earn 13.7% Annualized Using Options

Investors eyeing a purchase of John Bean Technologies Corp (JBT) shares, but cautious about paying the going market price of $56.26/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the October put at the $55 strike, which has a bid at the time of this writing of $4.20..