Commit To Buy Red Robin Gourmet Burgers At $40, Earn 10.1% Annualized Using Options
July 07, 2016 at 11:45 AM EDT
Investors considering a purchase of Red Robin Gourmet Burgers Inc (RRGB) stock, but tentative about paying the going market price of $48.46/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the December put at the $40 strike, which has a bid at the time of this writing of $1.80..