27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
Shares of Chipotle Mexican Grill, Inc. (NYSE: CMG) lost more than 4 percent on Wednesday and established a new 52-week low of $428.75 shortly after 12:00 p.m. ET.
Chipotle's stock is now lower by more than 12 percent over the past five trading sessions, lower by 23 percent over the past month, and lower by nearly 35 percent over the past year.
The last time Chipotle's stock traded below the $430 mark was in late 2013.
Investors and traders were naturally on edge on Wednesday with major indices lower by more than 1 percent. However, the investment community had reason to worry over Chipotle's outlook as the company issued guidance prior to the market open.
Chipotle disclosed in an 8-K filing that it expects comparable restaurant sales to be -14.6 percent in the fourth quarter. The company also guided its fourth quarter earnings to a range of $1.70 to $1.90 -- noticeably below Wall Street's expectations of $2.55 per share.
In addition to a poor outlook, Chipotle disclosed that it was served with a Federal Grand Jury Subpoena in California in connection with an official criminal investigation being conducted by the U.S. Attorney's Office.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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