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simplenothing
Dec 1, 2016 3:08 PM

CMG - Finally some strength? Long

Chipotle Mexican Grill, Inc.NYSE

Description

Looks to me like CMG is finally coming off a long base. Sold 397.5 puts expiring Dec 9th for 5.50 credit.

Comment

Nice positive article from Barron's after close today. Hopefully it translates to gap higher Monday.

Comment

Comment

No love for CMG still, I guess. Looks like I might own this barring a miracle. Still hoping for strengthening over coming months, so unless it plummets further, will keep and use for covered calls.

Trade closed: stop reached

Changed my mind and took the loss.
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