Stock / Symbol: [private_monthly]Chipotle Mexican Grill / CMG[/private_monthly]
Price at original trade post: $253.35
Price at trade entry adjustment: $255.65
Option Strategy: call ratio back spread
Adjustment: Haven't gotten filled on our original setup so we're adjusting as follows:
[private_monthly]
Sell -1 CMG Mar11 260 Call
Buy 2 CMG Mar11 280 Calls
for a net credit of $0.65 per contract
Requirements
Cost/Proceeds ($65.00)
Option Requirement $2,000.00
Total Requirements $1,935.00
Estimated Commission $12.95
[/private_monthly]
Max Risk: $1,935 (at Mar expiration)
Max Reward: unlimited
Profit Range: $0 - $260 & $300 + (at Mar expiration)
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