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Trading Chipotle (CMG) Ahead Of 3Q Earnings Tuesday Afternoon

Tim Biggam outlines an example trade in Chipotle ahead of its third quarter results Tuesday afternoon. His example call calendar consists of buying the November 4 $1650 call and selling the October 28 $1650 call for a debit of $6.50. The trade has break evens around $1476 and $1869, with a neutral to bullish directional bias.

Watch the video on the TD Ameritrade Network.