While I was out of town, Chipotle earnings came out (CMG) and the stock jumped 23 dollars in a day. What a miss for me since it has been my favorite stock (and restaurant) for a long time. I will look for another opportunity to enter the market. I had recently exited my position due to market conditions. I also closed out my IBM call options (Dec 45) for 1.50. The net strangle result was even for me. I will look for the right opportunity to reenter IBM long position.
Thinking about selling 1/2 my position in BID. The options have almost doubled in price. So thinking about locking in profit on 1/2 the position and letting the rest of it run. I have the Dec 40 calls on BID. But have not yet decided. The daily chart looks pretty strong. And I just might be inclined to let it run a bit longer.
No comments:
Post a Comment