Commit To Buy Red Robin Gourmet Burgers At $30, Earn 23.9% Annualized Using Options
May 08, 2019 at 11:53 AM EDT
Investors eyeing a purchase of Red Robin Gourmet Burgers Inc (RRGB) stock, but tentative about paying the going market price of $33.55/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 $30 strike, which has a bid at the time of this writing of $2.65..