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.

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Dan Amoss

Dan Amoss, CFA, tracks aggressive accounting and other red flags that markets miss. He’s a student of the Austrian School of economics and Daily Reckoning fan since 2000. Agora Financial relies on Dan for macro market commentary as well as profitable plays like his 2008 call to readers to buy Lehman Bros. puts, which...

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