Commit To Purchase Chipotle Mexican Grill At $560, Earn 5.2% Using Options
October 05, 2015 at 14:46 PM EDT
Investors eyeing a purchase of Chipotle Mexican Grill Inc (CMG) shares, but cautious about paying the going market price of $728.50/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2017 put at the $560 strike, which has a bid at the time of this writing of $28.90..