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Entered New Chipotle Put Position...


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#1 Macro Speculator

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Posted 22 May 2012 - 03:26 PM

after taking profits on last one yesterday at $385. Bought puts again at earlier today $402. These snapbacks are so unsustainable and such bs moves...so when you get a chance to strike such an overvalued, momentum driven (but now momentum fading) company on snapbacks, it's good to keep hammering at them at taking good profits on declines.

#2 thespookyone

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Posted 22 May 2012 - 08:39 PM

Nice trade. Looks like 357 coming.

#3 Macro Speculator

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Posted 22 May 2012 - 11:11 PM

Nice trade. Looks like 357 coming.


Thanks,

Let's see how this second one goes.