Red Robin Gourmet Burgers Inc (RRGB) Wheel Strategy

Running a RRGB wheel strategy lets you generate consistent premium income on Red Robin Gourmet Burgers Inc while setting your own entry and exit prices on the underlying. Red Robin Gourmet Burgers Inc's wheel combines cash-secured puts and covered calls into a repeatable cycle: sell puts at strikes where you'd be happy to own RRGB, and if assigned, sell calls at strikes where you'd be happy to sell. Use our scanner to find the best RRGB wheel strategy setups in real time.

The wheel works best on liquid, high-quality names with stable fundamentals and active options markets — exactly the profile many large-cap leaders fit. The mechanics are simple: sell a cash-secured put on RRGB, collect premium, and either keep the premium if it expires worthless or take assignment at a discount to current price. Once assigned, sell covered calls against the shares to keep collecting premium until they're called away. Choosing the right strikes, expirations, and IV environment is what separates a profitable RRGB wheel from a losing one.

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.

The difference between a wheel that compounds and one that bleeds comes down to strike selection, IV timing, and discipline on assignment. Our scanner handles the heavy lifting: it ranks every leg of the RRGB wheel strategy by delta, premium yield, IV rank, and days to expiration, so you can deploy capital where the math works. Build your RRGB wheel strategy on data, not gut feel — and let the options wheel do what it does best: pay you to wait.