Best Options Strategy for TXRH
Looking for the best options strategy for Texas Roadhouse, Inc. (TXRH)? 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 TXRH option chain right now, and a simple map from your view on TXRH to the strategy that fits it. Model any of them in the calculator before you trade.
About TXRH
Texas Roadhouse, Inc. (TXRH) is a major company in Restaurants. Options traders on TXRH tend to watch , since these can drive large moves in the share price.
About Texas Roadhouse, Inc.
Texas Roadhouse operates a portfolio of casual dining restaurants across the United States and select international markets. The company runs three main restaurant brands: Texas Roadhouse, its flagship concept; Bubba's 33, a sports-focused casual dining establishment; and Jaggers. The menus center on grilled proteins including aged steaks, ribs, seafood, chicken, and pork, supplemented by burgers, salads, sandwiches, and appetizers. Texas Roadhouse also offers pizza and wings at certain locations, giving it a moderately diverse food platform within the casual dining segment.
The company generates revenue through company-operated restaurants and by licensing its brands to franchisees. Texas Roadhouse operates hundreds of locations domestically while maintaining a smaller international footprint. Founded in 1993 and headquartered in Louisville, Kentucky, the business has grown into one of the larger players in the casual steakhouse category, competing primarily on food quality and value positioning rather than upscale service. Its multi-brand approach allows it to reach different customer demographics and daypart occasions, from family dinners to sports-watching casual meals.
Today's top-scoring strategy for TXRH
Our engine ranks defined-risk strategies on the live TXRH 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 |
|---|---|---|---|---|
| Sell | 1× | CALL | $220 | $2.64 |
| Buy | 1× | CALL | $240 | $0.25 |
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% | |
|---|---|---|---|---|---|
| $259 | −$1,682 | −$1,619 | −$1,551 | −$1,485 | −$1,422 |
| $248 | −$1,504 | −$1,417 | −$1,340 | −$1,274 | −$1,217 |
| $238 | −$1,138 | −$1,075 | −$1,025 | −$985 | −$951 |
| $228 | −$620 | −$633 | −$641 | −$646 | −$649 |
| $217 | −$140 | −$212 | −$269 | −$314 | −$350 |
| $207 | $133 | $70 | $8 | −$48 | −$98 |
| $197 | $223 | $197 | $161 | $120 | $77 |
| $186 | $238 | $233 | $221 | $202 | $177 |
| $176 | $239 | $238 | $236 | $231 | $221 |
| $166 | $239 | $239 | $239 | $238 | $235 |
| $155 | $239 | $239 | $239 | $239 | $238 |
Illustrative example at TXRH'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
TXRH 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 TXRH currently price in about 32% implied volatility, versus roughly 31% the stock has actually realised over the past month. The two are roughly in line, so neither buying nor selling premium has a clear volatility edge here.
TXRH's IV Rank is 21/100: implied volatility sits 21% of the way between its 13-day low (29%) and high (44%), and is above 21% of recorded days. Premium is historically cheap, which favours net-debit strategies like long options and debit spreads.
Off that volatility, the options market is pricing a move of about ±$18.1 (±9%) in TXRH by 2026-09-11 — a range of roughly $189 to $225. Strikes inside that band hold most of the premium and see most of the action.
Across strikes, downside puts on TXRH 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.
TXRH insider trading activity (SEC Form 4)
Open-market insider transactions at TXRH 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 |
|---|---|---|---|---|
| Renfroe Sean G | Sell | 426 | $82K | 2026-07-02 |
| Colson Christopher C. | Sell | 499 | $89K | 2026-05-26 |
| Abell Jane Grote | Sell | 339 | $60K | 2026-05-18 |
| Marshall Lloyd Paul | Sell | 1,000 | $178K | 2026-05-14 |
| Warfield Curtis | Sell | 2,640 | $483K | 2026-05-11 |
| MOORE GREGORY N | Sell | 1,250 | $223K | 2026-05-11 |
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
TXRH's next earnings report is due around November 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.
Dividend and assignment risk
TXRH pays a dividend of about 1.4% a year, so short or covered calls on it carry early-assignment risk around each ex-dividend date — in-the-money calls are most exposed just before the stock goes ex-dividend.
Key figures
- Market cap
- $13.7B
- Beta (vs market)
- 0.80
- 52-week range
- $153.83–$213.26 (89% up the range)
- Short interest
- 4.0% of float · 2.3 days to cover
How to choose an options strategy for TXRH
Start with your outlook on TXRH, 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 TXRH 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 TXRH in the free calculator →
Frequently asked questions
What is the best options strategy for TXRH?
It depends on your outlook. Bullish traders often use a long call or bull call spread on TXRH; 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 TXRH options liquid enough to trade?
Texas Roadhouse, Inc. (TXRH) 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 TXRH options?
Buying a single TXRH 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 TXRH or any security. Do your own research.
What does Texas Roadhouse, Inc. do?
Texas Roadhouse, Inc. (TXRH) operates in the Restaurants industry. The "About Texas Roadhouse, Inc." section above gives a fuller picture of what the company does and how it earns money.
Does Texas Roadhouse, Inc. pay a dividend?
Yes — Texas Roadhouse, Inc. currently pays a dividend yielding about 1.4%. If you hold the shares (for example to write a covered call), the ex-dividend date can trigger early assignment, so check it beforehand.
When does Texas Roadhouse, Inc. next report earnings?
Texas Roadhouse, Inc.'s next earnings are expected around November 5, 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 TXRH
Comparing TXRH with similar names can help you choose the best options strategy:
Company information
- Headquarters
- 6040 Dutchmans Lane, Louisville, KY, 40205, United States
- Industry
- Restaurants
- Employees
- 101,000
- CEO
- Mr. Gerald L. Morgan
- Phone
- 502 426 9984
- Website
- www.texasroadhouse.com
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