Looking at the Chipotle Mexican Grill CMG options chain today, i would buy the $1200 puts with
2022-9-16 expiration date for about
$36.42 premium.
Looking forward to read your opinion about it.
Ascending triangle formed after a 9-month monster rally followed by a correction period. Price seems to have graduated from its uncertainty and ready to keep that rally going.
Support held strong in the past two weeks and I feel that the risk/reward ratio is excellent on this trade. Positive vaccine news could act as a catalyst.
- Target Entry $1406.15
- Target...
Chipotle named number one stock to invest in early 2019 soared to $870 price target announced last year confirming share price to be GROSSLY UNDERVALUED
Chipotle upgraded to Strong Buy for the first time at $56
one of my best returns even though I only have 2 shares.
Will likely not get a hit during a recession
Consider buying.
BLs 679, 647, 596 (may not reach)
Hold long-term
Chipotle has dumped after reccent news. Chart candles are for 1 week. I believe it is sitting a key support zone and fib level, and has a good chance of reversal.
This is my first time using Fibonacci levels on a chart. Please feel free to offer comments, criticism, feedback.
Cheers and good luck
