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Oct 24, 2023 1:09 PM

CMG Chipotle Mexican Grill Options Ahead of Earnings Short

Chipotle Mexican Grill, Inc.NYSE

Description

Analyzing the options chain and the chart patterns of CMG Chipotle Mexican Grill prior to the earnings report this week,
I would consider purchasing the 1720usd strike price Puts with
an expiration date of 2024-1-19,
for a premium of approximately $59.95.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.

Looking forward to read your opinion about it.


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