Commit To Buy Red Robin Gourmet Burgers At $50, Earn 9% Annualized Using Options
August 18, 2017 at 11:35 AM EDT
Investors considering a purchase of Red Robin Gourmet Burgers Inc (RRGB) stock, but tentative about paying the going market price of $59.15/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the March 2018 put at the $50 strike, which has a bid at the time of this writing of $2.60..