Commit To Buy Chipotle Mexican Grill At $340, Earn 7.5% Using Options
May 26, 2016 at 11:45 AM EDT
Investors considering a purchase of Chipotle Mexican Grill Inc (CMG) shares, but cautious about paying the going market price of $453.55/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2018 put at the $340 strike, which has a bid at the time of this writing of $25.50..