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Strategies & Market Trends : The Residential Real Estate Crash Index
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From: ChanceIs2/14/2008 3:08:22 PM
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Short those Chipolte Mexican Grill Feb $115 calls (CMGBC) right now for $2.40. Theta is $1. The underlying is $110. There are 7.5 trading hours left on those puppies. Sell 10 of them and you get paid about $300/hour. Who would have figured you could earn that w/o going to law school. No way that puppy will close above $115 tomorrow.

I got my chips and salsa down.

Thanks to Patron for the tip way back when.

I will have to tango wit the Mohican again shortly.

Edit: Just sold one more for $2.50.
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