Sell Alert: Close Out Put Spreads On CMG And BFAM
We have to exit our Chipotle put spread because it’s expiring tomorrow. You need to make this trade by tomorrow afternoon at the latest. We’ve had a nice value recovery this week, so let’s close it out now. Also, BFAM has been declining in almost a straight line since our last portfolio update. With this major rally in our put spreads, we’ve gone from far underwater to a gain of more than 50%. So, let’s sell now for a profit.