Friday, November 30, 2012

CMG new Dec month trade, Dec/142012

Waiting for CMG to drop by $10 or so. I think the surprise move here may be to the upside so do not want to to risk a lot of money. I thought butterfly was a cheaper way to play the downside here. Trying to make a double or more if CMG slips.


CMG Daily chart



















Chipotle Mexican Grill, Inc. (CMG) Butterfly:  
Buy 1X $270 Dec put
Sell 2X $260 Dec put
Buy 1X $250 Dec put
(Paid 90c) 

*Please do your own research before buying any stock listed here. Disclaimer.
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