Commit To Buy Red Robin Gourmet Burgers At $25, Earn 10.2% Annualized Using Options
January 27, 2020 at 13:15 PM EST
Investors considering a purchase of Red Robin Gourmet Burgers Inc (RRGB) shares, but cautious about paying the going market price of $33.62/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the September put at the $25 strike, which has a bid at the time of this writing of $1.65..