Commit To Buy Red Robin Gourmet Burgers At $75, Earn 12.2% Annualized Using Options
August 19, 2015 at 11:40 AM EDT
Investors considering a purchase of Red Robin Gourmet Burgers Inc (RRGB) stock, but cautious about paying the going market price of $82.27/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the March 2016 put at the $75 strike, which has a bid at the time of this writing of $5.30..