CMG: Macro Range Setup & Path to $42

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CMG: Macro Range Setup & Path to $42Chipotle Mexican Grill, Inc.BATS:CMGBluntForceOptionsCMG has been a high-signal range-trade setup. Every sweep down into the $29.58 multi-year support zone has been met with aggressive responsive buying, including the recent spring back toward $36.90. My execution here is simple: systematically write puts around the $29–$30 floor where risk is clearly defined, collect steady premium, and ride the rotation up toward the range resistance target at $42.75. Until the range breaks, rinse and repeat. Just sharing my positioning on this one. As always, NFA.