Chipotle Mexican Grill, Inc.

Short

Updated

CMG topping pattern and MACD

CMG daily has a topping pattern and big downside divergence on MACD. Trying ^45 puts expiring next week.

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As Dan pointed out thats the 645 puts expiring May 17 bought 10 @ 1.05

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rolling down nicely my puts have moved up modestly

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today

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probably going to close the 645 puts out that expire May 17, this was was way out of the money and CMG hasn't moved down as fast as I need. The 705 puts that expire May 10 I could have bought on May 7 at $3.45, are now trading at $7.72.

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cashed out this morning at $1.35 about 25% gain not too bad

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good thing cashed out for modest gain this thing bounced right back up

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Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.