Here is a quick recap of trades that we initiated, closed, or debated in the week that was July 6th – July 10th:
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Over the weekend Barron’s painted a fairly downbeat picture for Chipotle’s (CMG) prospects in the coming year as growth decelerates, suggesting that “the stock could lose another 15% to 20%” in their feature article Chipotle Losing Its Spice. …
Continue readingOn February 23rd I laid out a bullish cash for shares of Shake Shack (SHAK), totally disregarding valuation and bought the stock just below $43 on some (frankly) pie in the sky stuff, watch here: As …
Continue readingChipolte (CMG) reports their Q4 results tonight after the close. The options market is implying about a 7% one day move which is shy to the 4 qtr avg of about 9% and the 8 …
Continue readingFollowing Chipotle’s (CMG) Q3 results on October 20th, the stock did the unthinkable, it sold off. The stock’s one day decline the next day was the result of management’s forward guidance that same store sales …
Continue readingEvent: CMG reports its Q3 results tonight after the close, and the options market is implying about a 7.5% one day move. Over the last 4 qtrs, the avg one day move has been about …
Continue readingChipotle fits in the category of “Getting Up Off of the Mat” that Dan laid out in yesterday’s MorningWord post. The stock sold off from an all-time high of $622.90 in late March to a …
Continue readingChipotle has been a major momentum leader for much of the past year. The stock has more than doubled since its October 2012 low of $233.82. That’s AFTER famous hedge fund manager David Einhorn said …
Continue readingEarlier we detailed our thought process for our profitable bearish position heading into tonight’s earnings release (see below). With the stock down almost 10% from the highs earlier this month, and our put fly worth …
Continue readingOver a month ago we made a bearish bet on CMG, that we’ve adjusted since. To recap, we started with a put calendar, let the front month expire worthless, then when the stock sold off, …
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