Option Investor

January Positions

Printer friendly version

Chipotle Mexican Grill (CMG) is taking a little break from its short term uptrend. The low from November is $36.86. I am looking for the stock to pull back a little further before selling any put options. The 21 day EMA is looking like a magnet for the stock price. So the new target is at $56.60 to sell the JAN 50's. If CMG begins to move up from here, we will just send out an alert to sell half of the position. Earnings are expected after the January expiration.

[Image 1]

Option Writers Newsletter Archives