As I wrote in my recent book (The Judaeo-Christian Myth), the “Little Red Riding Hood” story was written to symbolize the daily/yearly event of the sun’s fight with darkness. The weak little girl (red evening sun or late fall sun) who came to comfort the old grandmother (Earth) found the grandmother swallowed by the big bad wolf (night or winter). But when the big strong woodsman (bright morning sun or summer sun) arrived, he cut open the big bad wolf and let out the grandmother. [Thomas W. Doane, Bible Myths and Their Parallels in Other Religions (The Truth Seeker, 1882), Chapter IX]
My friend Eric Heater shared the following regarding this concept:
“One of the fancies in the most ancient Aryan or Hindu stories was that there was a great dragon that was trying to devour the sun, and to prevent him from shining upon the earth and filling it with brightness and life and beauty, and that Indra, the sun-god, killed the dragon.” -John Thackray Bunce
“And he seized the dragon, that ancient serpent, who is the devil and Satan, and bound him for a thousand years.” – Rev. 20:2
“And another sign appeared in heaven: behold, a great, fiery red dragon having seven heads and ten horns, and seven diadems on his heads. His tail drew a third of the stars of heaven and threw them to the earth. And the dragon stood before the woman who was ready to give birth, to devour her Child as soon as it was born.” – Rev. 12:3-5
To continue the quote from John Thackray Bunce:
“Now this is the meaning of Little Red Riding Hood, as it is told in our nursery tales. Little Red Riding Hood is the evening sun, which is always described as red or golden; the old Grandmother is the earth, to whom the rays of the sun bring warmth and comfort. The Wolf–which is a well-known figure for the clouds and blackness of night–is the dragon in another form; first he devours the grandmother, that is, he wraps the earth in thick clouds, which the evening sun is not strong enough to pierce through. Then, with the darkness of night he swallows up the evening sun itself, and all is dark and desolate.”
To add further to what Eric presented, I’ll offer the following, also from my book:
Genesis 3:15 states: “And I will put enmity between thee and the woman, and between thy seed and her seed; it shall bruise thy head, and thou shalt bruise his heel.”
Another name for this serpent who was to do battle with humanity’s hero is Draco, or the dragon, who resides in the sky along with the constellation Hercules. “As Draco circles around the Pole, his head is either below or above Hercules’ heel. The top position represents who is doing the bruising.” So either Draco is bruising the heel of Hercules or Hercules is crushing Draco’s head with his foot. Of course, the sun god always wins the battle in the end. So we see the foot of Hercules “stepping on Draco’s head, the dragon/snake who[m] Hercules has vanquished and perpetually gloats over for eternities.” [“Its [sic] written in the stars,” bibliodac.wordpress.com, 16 July 2014, web, 22 Mar. 2015; “Hercules (constellation),” wikipedia.org, 12 Mar. 2015, web, 22 Mar. 2015. See also: Mark R. Chartrand III, Skyguide: A Field Guide to the Heavens (Golden Books Publishing Co., 1982), 150.]
“During the time that Draco’s star Thuban was the pole star, it would have appeared to ancient sky watchers that the Earth revolved around Draco. Dragons and other similar creatures often played a role in creation myths. In these stories the gods would often battle such creatures for control of the Earth. When defeated, the dragons were flung up into the skies.” Thus, the serpent is thrown into the abyss. [Kathy Miles,”Draco the Dragon,”starryskies.com, 1995-2008, web, 22 Mar. 2015]
This is why a serpent is prevalent in all the ancient creation myths. Regarding Hercules, Gavin White argues that “the original name of Hercules – the ‘Kneeler’ . . . is a conflation of the two Babylonian constellations of the Sitting and Standing Gods.” Therefore, we have a father god who sits on a throne and a son god who stands at the right of the father. [“Hercules (constellation),” Ibid. See also: Gavin White, Babylonian Star-lore (London: Solaria Publications, 2008), 199ff]
And in the New Testament myth, Jesus (of the house of Jacob) fixed the rift, or enmity, between his parents, thus closing the breach, ending their separation, and bringing reconciliation. The couple got back together for their offspring. Jesus’ mother, who had been so lewd the Philistines were ashamed of her, committed fornication with the Egyptians and the Assyrians, and fornicated from the land of Canaan to Chaldea, pouring her prostitution on “everyone who passed by” (Ezek. 16:15-29), finally came home. The new Jerusalem, the “mother of us all” (Gal. 4:26), descended and Yahweh’s tabernacle was with men (Rev. 21:2-4). Heaven came down and joined the earth. The old heaven and old earth were gone, and in their place was only one entity, with no more sea (adversary, foreign lover) to separate the divine couple (Rev. 21:1).
Again, Lamentations 2:13 states that the breach between Yahweh and his “virgin daughter” Israel was “great like the sea: who can heal thee?” Jesus built a bridge across the sea, and crushed the serpent, dragon, devil, or Satan. He was the knight in shining armor who killed the monster in the waters surrounding the castle, rebuilt the bridge across the moat, and brought everybody home safe and sound.
“In that day the LORD with his sore and great and strong sword shall punish leviathan the piercing serpent, even leviathan that crooked serpent; and he shall slay the dragon that is in the sea” (Isa. 27:1). At this point, of course, the old Israel had become Egypt, or the sea that was no more (Jn. 8:44, Gal. 4:24-28, Rev. 11:8).
All of these stories depict a hero saving the “day.” Night is vanquished and all is bright and sunny. Therefore, Little Red Riding Hood and Grandma are saved.