Chipotle splits 50-1. Dives 10% in a week and a half off some tiktok memes and a Wells Fargo junior analyst applying standard deviations to prove portion inconsistency like a fucking nerd.
Tell me why calls aren’t free money. Chipotle is crack to millennials and gen z. Sure they can be upset at the dealer, but the dealer knows they are always going to come back.
It might be at the end of a three month Wyckoff accumulation. Currently down 2.5% which is highly unusual price movement.
In on $65 calls and 1,000 shares.
$CMG | Chipotle – Calls are free money.
byu/EZ_PZ_LM_SQ_ZE inwallstreetbets
Posted by EZ_PZ_LM_SQ_ZE
27 Comments
brb checking ur profile to see if regarded but honestly buying calls either way cheers sir
Good luck with that OP ![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4267)
I love these posts.
Read this. Then open RH and check the price 🤣🤣
Chipotle is currently undergoing a pseudo-boycott right now. Many loyal customers are giving the middle finger to CMG because of portion sizes and price. Common sense says puts are the play so I agree with OP: do the opposite of common sense
You are probably not wrong, CMG has an excellent record. Heck, i picked up some shares today myself. Good luck on those options.
Honestly those calls are cheap as hell it’s worth a shot
Chipotle isn’t mcdonalds its real food served by real people so I’m not overly shocked there’s some variation. That being said I’m regarded so I’ll stick to Wendy’s and their burgers for my wifes boyfriend.
I go to Wendys just for the dumpster
The fats of this country don’t need a bigger portion. Jfc the things are ridiculous already, eat the whole thing and feel like an absolute slob bogged down all day. I actually wish they cut the price in half and gave me half as much.
I grabbed puts. This dip ain’t over!
65 PE ratio on a food company lmao
CMG has ripped since Oct. I want a pullback to the 8ema monthly before I long a juicy beefy burrito. Guacs only go up.
I sold my 50 contracts last week after split! Made only $10,000! I was hoping for $30,000! A win is a win!
My free $ CMG $63 Calls I bought last Friday are down 75% ![img](emote|t5_2th52|12787)
Meh I don’t dig it
25X price to book and 57 forward PE while retailers are all warning about price pressures.
The split is allowing for price discovery.
Chipotle is running in fear of cava. Go to a shopping center with both restaurants and you will see why.
What month for your calls? Im in sept
What expiration date?
I went short on CMG before the split, having a good ol time. Gay bears rise down!
Chipotle is close to its all time high, with a slight recent dip
gonna get some $50 puts
A 4DTE $65 call is currently $0.05 and down -68% 🥴
A 32DTE $65 call is $1.40 and down -33% 🫣
I’ve stopped buying Chipotle because its like 50 fucking dollars for a sorry ass burrito bowl
Millennials and GenZ are going to run out of money and soon Chipotle will realize that there aren’t enough regards left to pay $15 for a bowl of beans and rice. Sweetgreen at least gives you >3 ingredients.
Chipotle is a fucking religion.
what exp?