Best Options Strategy for BLMN
Looking for the best options strategy for Bloomin' Brands, Inc. (BLMN)? There is no single answer — the right play depends on your outlook, your risk tolerance and current implied volatility. Below, our free engine shows the highest-scoring defined-risk strategy on the live BLMN option chain right now, and a simple map from your view on BLMN to the strategy that fits it. Model any of them in the calculator before you trade.
About BLMN
Bloomin' Brands, Inc. (BLMN) is a major company in Restaurants. Options traders on BLMN tend to watch , since these can drive large moves in the share price.
About Bloomin' Brands, Inc.
Bloomin' Brands operates a portfolio of four casual to fine dining restaurant concepts across the United States and internationally. The company runs Outback Steakhouse, its casual steakhouse brand; Carrabba's Italian Grill, which serves Italian fare; Bonefish Grill; and Fleming's Prime Steakhouse & Wine Bar, a more upscale steakhouse offering. Founded in 1988 and headquartered in Tampa, Florida, the company has built its business around these distinct dining experiences that appeal to different customer segments and occasions.
The company generates revenue through both company-operated locations and franchise arrangements, split between its U.S. and International segments. This dual structure allows Bloomin' Brands to expand its footprint while managing operational complexity. The steakhouse-focused brands form the core of its business, with Outback serving as the largest and most widely distributed concept, while Fleming's targets diners seeking premium experiences. The revenue model relies on food and beverage sales at individual restaurants, supplemented by franchise fees and royalties from franchisees operating locations under its brand names.
Today's top-scoring strategy for BLMN
Our engine ranks defined-risk strategies on the live BLMN chain by probability of profit and risk/reward, then surfaces the best-scoring one. It is an educational illustration, not advice.
| Action | Qty | Type | Strike | Premium |
|---|---|---|---|---|
| Buy | 1× | CALL | $95 | $6.83 |
| Sell | 2× | CALL | $100 | $3.82 |
| Buy | 1× | CALL | $105 | $1.87 |
Simulation
Forward simulation of 6,000 lognormal price paths to expiration — not a historical backtest.
Illustrative example at BLMN's latest available price, computed with the same engine as the tool. Live option fills and the real IV skew refresh during US market hours.
Implied volatility
BLMN typically trades with moderate implied volatility, broadly in line with other large-cap stocks. Implied volatility drives option prices, so it is worth checking the live chain before you trade.
Earnings & IV crush
BLMN's next earnings report is due around August 5, 2026. Options that expire after it price in a binary move, so their implied volatility is elevated and usually collapses right after the announcement — an "IV crush". If your expiration falls before this date, the trade sidesteps the event.
Key figures
- Market cap
- $745M
- Beta (vs market)
- 1.22
- 52-week range
- $5.19–$10.70
- Short interest
- 9.8% of float · 3.3 days to cover
How to choose an options strategy for BLMN
Start with your outlook on BLMN, then match it to a defined-risk structure. Here are the most common choices and when each makes sense:
Bullish
Buy a call for leverage with capped risk, or a bull call spread to lower the cost and breakeven when you have a target price.
Long Call → Bull Call Spread →Bearish
Buy a put to profit from a decline with defined risk, or a bear put spread to cheapen the trade when you expect a measured move down.
Long Put → Bear Put Spread →Neutral
Sell an iron condor to collect premium while BLMN stays between two strikes, or write a covered call against shares you already own.
Iron Condor → Covered Call →How we pick the best strategy
For each ticker we pull the live option chain, build every supported strategy around the at-the-money strikes, and score them on probability of profit, risk/reward and capital efficiency — favouring defined-risk structures where the maximum loss is known up front. Methodology →
Open BLMN in the free calculator →
Frequently asked questions
What is the best options strategy for BLMN?
It depends on your outlook. Bullish traders often use a long call or bull call spread on BLMN; bearish traders a long put or bear put spread; neutral traders an iron condor or covered call. Our live scan above shows the current highest-scoring defined-risk play.
Are BLMN options liquid enough to trade?
Bloomin' Brands, Inc. (BLMN) is among the most actively-traded US options, which usually means tight bid/ask spreads and plenty of strikes and expirations — though you should always check the open interest and spread on the exact contract.
How much money do I need to trade BLMN options?
Buying a single BLMN call or put can cost as little as the premium (often one to a few hundred dollars), while income strategies like a cash-secured put need enough capital to buy 100 shares if assigned.
Is this financial advice?
No. Everything here is educational and uses delayed, third-party data. It is not a recommendation to trade BLMN or any security. Do your own research.
What does Bloomin' Brands, Inc. do?
Bloomin' Brands, Inc. (BLMN) operates in the Restaurants industry. The "About Bloomin' Brands, Inc." section above gives a fuller picture of what the company does and how it earns money.
Does Bloomin' Brands, Inc. pay a dividend?
Bloomin' Brands, Inc. does not currently pay a dividend, so there is no ex-dividend assignment risk to plan around for options strategies.
When does Bloomin' Brands, Inc. next report earnings?
Bloomin' Brands, Inc.'s next earnings are expected around August 5, 2026. Implied volatility usually climbs into the report and drops sharply afterwards (IV crush) — important for any options position held over the date.
Tickers related to BLMN
Comparing BLMN with similar names can help you choose the best options strategy:
Company information
- Headquarters
- 2202 North West Shore Boulevard, Suite 500, Tampa, FL, 33607, United States
- Industry
- Restaurants
- Employees
- 64,000
- CEO
- Mr. Michael Spanos
- Phone
- 813 282 1225
- Website
- www.bloominbrands.com
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