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CHIPOTLE MEXDRN

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C1MG34 trade ideas

Bollinger Band Snaps (BBS)Bollinger Band Snaps (BBS) Timing of options trades are elusive, especially during dynamic price trends. There is one technique, however, that reliably and consistently allows you to time trades. The Bollinger Band Snap (BBS) signal occurs at very precise moments during a bullish or bearish trend, and vastly improves timing of both entry and exit. The chart of Chipotle (CMG ) is highlighted with three examples. The first occurred in late February, when price moved below the lower Bollinger band for two sessions. The move then “snapped” back into range, which is predictable. Price rarely remains outside of the Bollinger Band range for long. The second event occurred in mid-March, when price moved below the lower Bollinger band. In this case, the expected retracement (snap) happened the next market day. The final incident was the longest of the three, from mid-May into end May. Price traded above the upper band for six consecutive sessions before snapping back into range. The signal is reliable because a retracement back into the Bollinger Band’s two-standard deviation range is inevitable. It can take a longer or shorter period, but it eventually occurs. The signal provides both an entry flag (when price moves outside of the band) and an exit flag (when it moves back into range). Trading this signal is also apparent at the time it begins to develop. A move outside of the Bollinger trading range generally is going to snap back within a few sessions in each instance. In the February case, price was approximately $755 per share. With the expectation of a snap back into range, a bull credit spread could be opened with puts. Buying one 735 put and selling a 740 put would have set up a small credit. Using the weekly expirations ensures rapid time value decay. In the second example, price was approximately $465 per share. A call could be opened using 4 – 6 weeks to expiration and opening an at-the-money strike. The credit spread strategy could also be applied in mid-May when price began advancing above Bollinger’s upper band at $998 per share. Buying one 1030 call and selling a 1025 call for a credit. In all of these instances, the entry point is easy to identify. It is seen where price moves outside of the two standard deviation range marked by the upper and lower bands. The exit point then occurs when price snaps back into range.
NYSE:CMGEducation
by NewCycleTrading
3
Has Chipotle Mexican Found Four-Figure Support?Chipotle Mexican Grill joined the 4-digit club a month ago, riding positive momentum from its strong results on April 21. Since then it’s squeezed into a very tight range as the economy reopens. Once or twice, prices tested and held that important $1,000 level, which suggests it’s building support up at these new highs. CMG took a stab lower on Friday, below its lows from May 27-29, only to snap right back. That now looks like a failed breakdown from the range. The restaurant chain has been one of the best-performing consumer discretionary stocks this year thanks to a strong grip on its core market of younger, smart-phone wielding diners. If CMG was able to thrive when coronavirus hammered the economy, what happens as social lockdowns end? This stock resembles Amazon.com yesterday: short-term overbought following a breakout. Their high and tight patterns are consistent with strong underlying fundamentals. (See narrowing Bollinger Band width.) Traders may now look for it to move higher as the price action expands. Friday’s low of $964.50 can also serve as a potential risk-management area.
NYSE:CMGLong
by TradeStation
Roll CMG Back to Jan. Overlay AMZN. Equal Gains OK with You?Upfront disclosure - I've gotten wrapped up in CMG's ridiculous moves amidst non-stop promotion. Hate it! In any event caught sweet 35 point CMG correction last time we did this week plus ago. CMG reversed off high today, and aggressive shorts should look for pullback. Ultra aggressive plays can use June 5 and June 12 puts. Last time I did this it pulled back withing 2 to 3 days so act fast. Premiums are fat but so is the last 60 plus point up-move. Sounds really strange but it almost looks like it follows AMZN's short term bounces. go figure. BEWARE - stock buybacks shore up CMG very quickly IMHO. If I'm wrong by only 10pts against me i'm out.
NYSE:CMGShort
by trzcb8
$CMG - lets Taco bout it$CMG Looking for the gap to fill. Will watch for a bounce @ 941.07 Entry: $941.07 Stop loss $895.45 Limit sell: $1016 Setup is invalidated if it does not bounce. ( watch the 15 min candles for better confirmation) Gave a 5% stop loss a little below below where i feel support is sitting to avoid being stopped out. Notes; Qudoba and Dos Toros are better. ;) 1. CMG is one bad piece of lettuce away from getting rocked.... 2. Isnt there a meat shortage? Higher prices, lower margins? 3. The run up seems suspect.
NYSE:CMG
by IMF_Trading