Agree To Purchase Chipotle Mexican Grill At $2050, Earn 4.6% Using Options
March 15, 2024 at 11:51 AM EDT
Investors considering a purchase of Chipotle Mexican Grill Inc (CMG) shares, but cautious about paying the going market price of $2736.58/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2026 put at the $2050 strike, which has a bid at the time of this writing of $94.00..
