Commit To Buy Red Robin Gourmet Burgers At $70, Earn 12.2% Annualized Using Options
January 16, 2015 at 13:40 PM EST
Investors eyeing a purchase of Red Robin Gourmet Burgers Inc (RRGB) shares, but cautious about paying the going market price of $79.53/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the June put at the $70 strike, which has a bid at the time of this writing of $3.60..