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partyjumpman
Aug 22, 2016 4:57 PM

CMG Bull Put Spread = is not something you put on your burito! 

Chipotle Mexican Grill, Inc.NYSE

Description

I know all the MA are on top holding price down. But there seems to be a fairly strong support. I like the new white soldier candle at support! If CMG closes below 383.17. I would consider unraveling the trade i, but more likely just close it out for a small loss.
I don't love this trade but I may watch it a little more and see whats happens. Was curious as to your thoughts.

I'm also looking at a BCS if price approaches 446 and shows a reversal signal - possibly an Iron Condor!
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