Replies to post #1496 on Chipotle Mexican Grill Inc (CMG)

[DowDeva]

The clue was the rejection of the prior high. I wasn't watching at the time.

Went long a 2/3/1 890/880/875 fly for July expiration. Trade taken immediately which usually means there will be further upside, and there was. Placed trade at CMG 3027 and it is currently at 3030.

Will be looking to place a trade in the other direction for an OTM uneven fly with June 12th expiration at around 1080. for a credit.