OK, I'm gonna try to redeem myself here.... after the big AAPL fiasco.
This thing is at $414... I think its time to jump in a big way.
This is one for the retirement funds.
Buy it, sell the weekly calls... if you ever looked, they get bank.
It would seem $390 is a solid basement, it held through all the BS....so after a few weeks of selling calls, your downside risk is pretty nil.
Ackman owns 10%. Chipoltes Canada? Chipoltes China? Drive thru on-line order pick-up at new stores? Extending Friday Saturday hours to 11PM? Its all there. Ackman is gonna make it happen.
Next years comps are gonna be easy. This Q's lousy comps are baked in.
CMG is going up.
But hey, I shorted AAPL at $108 (and $105!)....so wtf do I know.
This is a good long term plan though.... barring a 10% market correction ala Yellin & Co. Your only risk is getting them called away.
Thats one tasty burrito.
View attachment 166615
