This morning news came out regarding Chipotle having to shutdown one of it’s restaurants in Ohio due to illnesses being reported. As most of you know Chipotle has been struggling with this for a few years and we’ve seen their stock lose a ton of value over the last few years. This morning I was looking at the 430 puts expiring this week when they were priced around $2.00. Due to me having to be in meetings all day I hesitated to make the trade since I wasn’t going to be at my desk. A few hours later I checked my phone and noticed they were trading for close to $10.00! Even though I wasn’t able to cash in on the opportunity it’s a great learning lesson on why you should be disciplined in your trading even when the potential trade works out better than expected.
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