Trading a RRGB straddle lets you take a pure volatility position on Red Robin Gourmet Burgers Inc without committing to a direction. Red Robin Gourmet Burgers Inc's straddle involves buying (or selling) a call and a put at the same strike and expiration, profiting when the stock moves more (or less) than the combined premium implies. Use our scanner to evaluate RRGB straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on RRGB profits from large moves in either direction and is a classic play into binary events like earnings, product announcements, or macro releases. A short straddle profits when Red Robin Gourmet Burgers Inc stays range-bound and implied volatility contracts. The breakeven points are simple: strike plus total premium on the upside, strike minus total premium on the downside. Comparing the RRGB straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
Red Robin Gourmet Burgers, Inc., together with its subsidiaries, develops, operates, and franchises full-service and casual-dining restaurants. The company's restaurants primarily offer burgers and shareable pizzas; various appetizers, salads, soups, sandwiches, seafood, and other entrees; and desserts, wings, milkshakes, alcoholic and non-alcoholic specialty drinks, cocktails, wine, and beers. As of December 26, 2021, it operated approximately 531 Red Robin restaurants, including 430 were company-owned and 101 were operated by franchisees in the United States and one Canadian province. Red Robin Gourmet Burgers, Inc.
was founded in 1969 and is based in Greenwood Village, Colorado.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the RRGB straddle is the cleanest expression of that view. Our scanner prices every RRGB straddle against historical realized moves, flags expirations where the market is overpaying or underpaying for vol, and ranks setups by breakeven width and IV rank. Whether you're long a RRGB straddle into a catalyst or short a RRGB straddle to harvest decay, the options straddle setups that matter are all in one place.
