April 18, 2013


Chipotle Mexican Grill (CMG)


Bias: Bullish
Price Target: $360


We are bullish on CMG and we want to purchase a call spread to take advantage of the possible move higher

SELL To OPEN 10 CMG Apr-20 355 Calls trading at $3.70
BUY To OPEN 10 CMG Apr-26 360 Calls trading at $3.35
BUY To OPEN 2 CMG Apr-20 370 Calls trading at $1.15

CMG is now trading at $331.50
This spread is now trading at $0.80
The total Credit for this trade is $1.60

Do NOT pay over $0.20 for this trade. Try to go for a credit.


Day Order Only

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