Best Options Strategy for RRGB
Looking for the best options strategy for Red Robin Gourmet Burgers, Inc. (RRGB)? 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 RRGB option chain right now, and a simple map from your view on RRGB to the strategy that fits it. Model any of them in the calculator before you trade.
About RRGB
Red Robin Gourmet Burgers, Inc. (RRGB) is a major company in Restaurants. Options traders on RRGB tend to watch , since these can drive large moves in the share price.
About Red Robin Gourmet Burgers, Inc.
# About Red Robin Gourmet Burgers, Inc.
Red Robin operates and franchises a casual dining restaurant chain across North America, with locations extending into Canada. The restaurant menus center on gourmet burgers and pizza as core offerings, supplemented by appetizers, salads, entrees, desserts, and wings. The beverage program includes milkshakes, non-alcoholic specialty drinks, and a full alcohol selection featuring cocktails, wine, and beer. Founded in 1969 and based in Englewood, Colorado, the company has built its brand around customizable burger options and a family-friendly dining atmosphere over more than five decades.
The company generates revenue through two primary channels: company-operated restaurants and franchised locations, allowing it to scale its presence without bearing the full capital cost of every restaurant. Red Robin's restaurants operate under a casual dining model positioned between quick-service and full-service establishments, targeting families and casual diners seeking higher-quality burgers at accessible price points. Its geographic footprint spans the United States and Canada, making it a regional player within the broader North American casual…
Today's top-scoring strategy for RRGB
Our engine ranks defined-risk strategies on the live RRGB 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× | PUT | $8 | $0.01 |
| Sell | 1× | PUT | $9 | $0.07 |
Simulation
Forward simulation of 6,000 lognormal price paths to expiration — not a historical backtest.
Strategy analysis
Greeks vs price
Price × volatility (today)
| −30% | −15% | IV | +15% | +30% | |
|---|---|---|---|---|---|
| $13 | $6 | $6 | $6 | $6 | $6 |
| $12 | $6 | $6 | $6 | $6 | $6 |
| $12 | $6 | $6 | $6 | $5 | $5 |
| $11 | $6 | $6 | $5 | $5 | $3 |
| $11 | $6 | $5 | $4 | $2 | $0 |
| $10 | $5 | $3 | $0 | −$2 | −$5 |
| $10 | −$1 | −$4 | −$8 | −$11 | −$14 |
| $9 | −$16 | −$19 | −$23 | −$26 | −$28 |
| $9 | −$42 | −$43 | −$44 | −$44 | −$45 |
| $8 | −$71 | −$68 | −$66 | −$64 | −$62 |
| $8 | −$88 | −$85 | −$82 | −$80 | −$77 |
Illustrative example at RRGB'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
RRGB is currently trading with moderate implied volatility, broadly in line with other large-cap stocks. On the options we scanned that was around 32% implied volatility, and higher implied volatility means richer premiums and wider expected moves.
Options on RRGB currently price in about 32% implied volatility, versus roughly 67% the stock has actually realised over the past month. That makes options relatively cheap — an edge for strategies that buy premium, such as long calls, long puts and debit spreads.
Off that volatility, the options market is pricing a move of about ±$0.99 (±10%) in RRGB by 2026-09-18 — a range of roughly $9.07 to $11.04. Strikes inside that band hold most of the premium and see most of the action.
Across strikes, downside puts on RRGB trade at a higher implied volatility than upside calls — the market is paying up for crash protection. That skew favours selling put spreads or buying calls over symmetric trades.
RRGB insider trading activity (SEC Form 4)
Open-market insider transactions at RRGB over roughly the last six months, from SEC Form 4 filings. Open-market buys are the rarer, more telling signal — routine selling under pre-arranged plans is common, so read a net-selling figure with that in mind.
| Insider | Action | Shares | Value | Date |
|---|---|---|---|---|
| Griffith Jesse | Sell | 1,008 | $3K | 2026-04-06 |
| Griffith Jesse | Sell | 839 | $3K | 2026-03-23 |
| Mussetter Sarah A. | Sell | 2,913 | $9K | 2026-03-23 |
| Griffith Jesse | Sell | 1,402 | $5K | 2026-03-16 |
| Mussetter Sarah A. | Sell | 4,037 | $13K | 2026-03-16 |
Source: SEC Form 4 filings via Finnhub. Open-market purchases (P) and sales (S) only — grants, option exercises, gifts and tax withholding are excluded. Informational context, not investment advice.
Earnings & IV crush
RRGB's next earnings report is due around November 9, 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
- $151M
- Beta (vs market)
- 2.43
- 52-week range
- $2.46–$8.26 (100% up the range)
- Short interest
- 13.2% of float · 5.3 days to cover
With 13.2% of RRGB's float sold short, squeeze and gap risk are elevated — one reason its options can stay expensive.
How to choose an options strategy for RRGB
Start with your outlook on RRGB, 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 RRGB stays between two strikes, or write a covered call against shares you already own.
Iron Condor → Covered Call →⧉ Embed this free calculator on your site →
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 RRGB in the free calculator →
Frequently asked questions
What is the best options strategy for RRGB?
It depends on your outlook. Bullish traders often use a long call or bull call spread on RRGB; 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 RRGB options liquid enough to trade?
Red Robin Gourmet Burgers, Inc. (RRGB) 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 RRGB options?
Buying a single RRGB 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 RRGB or any security. Do your own research.
What does Red Robin Gourmet Burgers, Inc. do?
Red Robin Gourmet Burgers, Inc. (RRGB) operates in the Restaurants industry. The "About Red Robin Gourmet Burgers, Inc." section above gives a fuller picture of what the company does and how it earns money.
Does Red Robin Gourmet Burgers, Inc. pay a dividend?
We don't show a confirmed dividend yield for Red Robin Gourmet Burgers, Inc. here, so treat it as uncertain: before writing calls, check its current dividend and ex-dividend date with your broker — an approaching ex-dividend date can trigger early assignment on in-the-money short calls.
When does Red Robin Gourmet Burgers, Inc. next report earnings?
Red Robin Gourmet Burgers, Inc.'s next earnings are expected around November 9, 2026. Implied volatility usually climbs into the report and drops sharply afterwards (IV crush) — important for any options position held over the date.
Price trend
Tickers related to RRGB
Comparing RRGB with similar names can help you choose the best options strategy:
Company information
- Headquarters
- 10000 East Geddes Avenue, Suite 500, Englewood, CO, 80112, United States
- Industry
- Restaurants
- Employees
- 18,852
- CEO
- Mr. David A. Pace
- Phone
- 303 846 6000
- Website
- www.redrobin.com
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