The Bottom Line:
- Chipotle Mexican Grill to split stock at 5041 ratio
- Scott Gillam recommends limit buy near 21 EMA
- Potential target price range 2845-2848 for purchase
- Plan to acquire 100 shares post-split for options trading
- Engage in live trading with Scott Gillam via Shadowtrader squawkbox
Chipotle Mexican Grill’s Stock Split: What You Need to Know
Chipotle Mexican Grill’s Stock Split Details
Expensive stock Chipotle Mexican Grill is set to undergo a 5041 stock split in the early part of June, making it more accessible for investors. With the split, traders can acquire more shares and utilize them for option plays.
Trading Strategy for Chipotle Post-Split
To take advantage of the stock split, a strategy involves placing a limit order to buy two shares of Chipotle near the 21 exponential moving average. This order should be set as a good till cancel order for the week, allowing for potential adjustments based on market conditions.
Opportunity for Option Plays
Following the acquisition of 100 shares post-split, traders can explore selling options against Chipotle stock to maximize potential gains. This strategy aims to leverage the stock split and capitalize on the post-split opportunities available in the market.
Scott Gillam’s Expert Advice: Buy Strategy at 21 EMA
Scott Gillam’s Expert Guidance on Buying Strategy at 21 EMA
Scott Gillam suggests utilizing a buying strategy near the 21 exponential moving average (EMA) for Chipotle stock. The trade involves placing a limit order to purchase two shares of CMG when the stock price aligns with the 21 EMA levels, projected around 2845.
Trade Execution and Evaluation
The buy order for Chipotle shares should be left as a good till cancel order until the end of the week for evaluation. This approach allows for monitoring the stock’s movement in relation to the 21 EMA to make informed decisions on potential adjustments or execution.
Leveraging the Stock Split for Options Trading
The ultimate goal of this strategy is to acquire 100 shares of Chipotle post-split and engage in selling options against the acquired shares. By capitalizing on the stock split opportunity and implementing option plays, traders aim to maximize gains in the market.
Unlocking Profit Potential: Target Price Range for Smart Purchases
Recommended Purchase Price Range for Smart Investment Decisions
Scott Gillam advises targeting a favorable purchase price range near the 21 exponential moving average for Chipotle stock after the announced stock split. This range is currently projected to be around 2845, providing a strategic entry point for potential buyers.
Strategic Purchase Execution and Monitoring
The trade plan involves placing a limit order to buy two shares of CMG at the identified price level near the 21 EMA. By setting this order as a good till cancel order until the end of the week, traders can assess market conditions and adjust their strategy as needed in line with the stock’s movement relative to the 21 EMA.
Utilizing Acquired Shares for Option Trading
Upon acquiring 100 shares post-split through the suggested trading approach, investors can explore selling options against Chipotle stock to enhance potential returns. Leveraging the stock split opportunity alongside option plays offers a strategic method to maximize profits in the market.
Options Trading Mastery: Acquiring 100 Shares Post-Split
Trading Strategy for Acquiring Chipotle Shares
To secure 100 shares of Chipotle post-split, a suggested approach involves placing a limit order to purchase two shares near the 21 exponential moving average. This order should remain active as a good till cancel order, enabling potential adjustments based on market conditions.
Post-Split Opportunity in Options Trading
After obtaining the desired 100 shares following the split, traders can explore selling options against Chipotle stock. By leveraging the stock split and engaging in option plays, investors aim to maximize their gains in the market.
Scott Gillam’s Insight: Acquisition Plan at 21 EMA
Advising on a strategic buying strategy close to the 21 exponential moving average (EMA) for Chipotle stock, Scott Gillam recommends initiating a limit order to purchase two shares of CMG when the stock price aligns with the projected 21 EMA levels, currently around 2845.
Live Trading Insights with Scott Gillam: Join the Action on Shadowtrader Squawkbox
Scott Gillam’s Strategy for Chipotle Post-Split
To capitalize on the stock split, a suggested approach involves placing a limit order to buy two shares of Chipotle near the 21 exponential moving average. This order should be set as a good till cancel order for the week, allowing for potential adjustments based on market conditions.
Potential for Option Plays
After acquiring 100 shares post-split, traders can consider selling options against Chipotle stock to maximize potential gains. This strategy aims to utilize the stock split and leverage post-split opportunities available in the market.
Trade Execution Plan and Evaluation
The buy order for Chipotle shares should be left as a good till cancel order until the end of the week for assessment. This approach enables monitoring of the stock’s movement relative to the 21 EMA to make informed decisions regarding potential adjustments or trade execution.
