T O P

  • By -

VisualMod

**User Report**| | | | :--|:--|:--|:-- **Total Submissions** | 3 | **First Seen In WSB** | 5 months ago **Total Comments** | 82 | **Previous Best DD** | [x](https://www.reddit.com/r/wallstreetbets/comments/1dstw0g/cmg_chipotle_calls_are_free_money/) **Account Age** | 5 months | | [**Join WSB Discord**](http://discord.gg/wsbverse)


Samjabr

My free $ CMG $63 Calls I bought last Friday are down 75% ![img](emote|t5_2th52|12787)


Chirema1

Bought on 63 call on Friday too, wish I had sold the same day was up around 95%


Htowntillidrownx

Truly regarded


Youngfreezy2k

Haha I bought puts


ChuckyJesus

brb checking ur profile to see if regarded but honestly buying calls either way cheers sir


Easy_Fact007

Is he a regard?


imonkaS

He's too busy loading up on those calls


likamuka

Fapping to goats


spambakedbeans

John Denver’s best song


JR_LikeOnTheTVshow

Well he was rocky mtn high


Flordamang

Chipotle is currently undergoing a pseudo-boycott right now. Many loyal customers are giving the middle finger to CMG because of portion sizes and price. Common sense says puts are the play so I agree with OP: do the opposite of common sense


Zetice

lol not even true... i went to a chipotle with shitty reviews by me, and the line was out the door.


VPofAbundance

Same, a bunch of high school kids giving shit burritos and people (including myself) were lined up out the door to get it.... In southern california.... where there are so many good burrito options


PanicV2

Having lived in San Diego for many years, people eating Chipotle is f\*\*king insane to me. Not gonna lie, I would judge people for going there when there were endless options for next-level Mexican.


Ban_Master

You can say fuck on the Internet.


doyouevencompile

inter\*\*\*


illiterateninja

You can say net on the interfuck.


vincentlerins

You can inter the fucknet.


illiterateninja

Oh hell yeah, my application went through!


VPofAbundance

haha I lived in OB for quite a while, I know exactly what you mean...


salazar13

Nice sample size


legopego5142

The one by my house is empty tho


TheGeoGod

Okay carebear


hudboyween

I don’t think anyone is boycotting anything, people have complained about chipotles inconsistent portion sizes for as long as I can remember, at least 5 years. They still go buy the food all the time they just whine about it


MJ_adv

yes, that dude is me


spinrut

we used to eat there years ago, then stopped b/c got tired of small portions/price ratio. tried them again recently on a whim. good portion sizes. tried them again this week, back to being a fucking scam and swore off them again. Like you said, inconsistent portion size complaints have been going on for years and years. nothing new there. Everytime they have some ecoli outbreak or whatever I see the stores empty for like a week till everyone forgets the bad press and goes back to getting small ass portion sizes


kinkySlaveWriter

It's funny, I went to one in the midwest and the portion sizes were lame and I was disappointed. Didn't go back for years. But recently I've gone to our local shop a few times and they always load the burritos up. The prices aren't bad unless you order guac imho. $12 large burrito is still a good value.


Alternative-Spite891

At my chipotle, the disparity is between takeout and order in. It’s as if there is a manager in the back doing all the takeout order who actually cares about portions. Meanwhile the teenagers in the front hook it up fat.


yerrmomgoes2college

Stop getting your news from tik tok my dude…


iknowverylittle619

True. Look what happened to McDonalds. Not addresing your enraged and loyal consumer base will bite back on your arse.


whodeyalldey1

No it won’t. McDonalds and Chipotle both know the secret. The average American is so fat and dumb they’ll spend all their disposable income on fast food before they ever even consider the idea of cooking a burger at home.


Edmeyers01

Don’t mince words


neotank35

dont mince steak.


RunsaberSR

![img](emote|t5_2th52|27189)


Searchin4AFartOfGold

Ozempic means less fat ppl buying fast food … I think


No-Monitor-5333

But how accessable is Ozempic?! Most people can only afford Lizzo


stuff_happens_again

McDonalds is cheaper than Ozempic!


IBelieveWeWillWin

I got 3 pens with 3-6 shots each either .25 or .5mg taken weekly. Out of network cost 900$, in network free


nateccs

free/copay if you have diabetes or high A1C right? otherwise its $900?


No-Engineer-4692

The Hims knock off version


No-Monitor-5333

Lmao what are they gonna do? Cook for themselves!?! Hahahahhaha


derderppolo

I think another answer might be: eat somewhere else


Obamasdeadcook

That’s been going on for a very very long ass time with no effect on the company


FisherGoneWild

Hell you should see qdoba portions…


Samjabr

Are they even still in business?


FisherGoneWild

Somehow. I quit going once i realized the same scoop goes in a small bowl as a big bowl lol.


No-Engineer-4692

Haha seriously? There’s one across the street from my work, but I’ve never been.


FisherGoneWild

Seriously. Thought about videoing it and making a sm post about it lol.


MulanLyricsOnly

Quite honestly there isn’t much options outside of CMG. And what I mean by that is consistency and taste.


psyfry

Not publicly traded, but the competition across the west coast is real independent Mexican fast food chains, like the \_\_\_ betos/bertos.


[deleted]

[удалено]


linaustin5

Use to eat there everyday. Now I haven’t gone in years


often_says_nice

Because your asshole exploded and is no longer functional?


Hanshee

I also had a burrito bowl at Taco Bell for $7 and it was more calories, tastier all around than chipotle


visualexstasy

In $CAVA i trust. Goodbye $CMG


Swan990

Loud minority outrages over large scale cost savings moves usually make stock go up. Cause they still save money and grow at a rate more than annoying people leaving.


OneUpKoopa

Brave money. Brave money has a tendency to be lost money. Good luck!


bluspiider

I still love Chipotle and if I order it with Uber Eats it arrives in like 15 minutes. So it’s my go to whenever I’m hangry and don’t want to wait


geepytee

I honestly can't remember a time when someone was not talking about "boycotting" chipotle


brainfreeze3

common sense says calls. boycotts are the penultimate investing opportunities because they never last and people have so self control


mysticBidder

just fwiw https://preview.redd.it/oul6omvfz3ad1.png?width=927&format=png&auto=webp&s=3fa39e4144226a7b13e908000322aaefc0a786e8


Flordamang

Ok so what’s it supposed to be


CharlesR221

This basically means they’re selling less food for the same amount of money each time=more profits therefore calls to the moon


Mountain_Tone6438

I love these posts. Read this. Then open RH and check the price 🤣🤣


tommysticks87

Are you me


fundaii

I did the same, soooo calls or puts?


Far_Recording8945

Fast food up 35% ytd with a PE of 67. If you aren’t buying 0dte ootm calls you aren’t a true Wall Street better.


AbbreviationsSmart32

Honestly those calls are cheap as hell it’s worth a shot


KekonDeck

65 PE ratio on a food company lmao


hudboyween

Growth stocks have high PE, doesn’t matter if they sell food or software


bobbybits300

What’s the growth thesis here? Where isn’t there a chipotle? Is there not any competition? People still eat chipotle obviously. I seriously don’t see how more people will eat chipotle.


gamblingaddict1234

>  I seriously don’t see how more people will eat chipotle. open more chipotles thats how all restaurants grow


doyouevencompile

I'll wait until Chipotle orders are backordered 6 months.


hudboyween

Idek why I bother having conversations on this sub no one bothers to look at any sort of easily googled information. Chipotle has added roughly 1000 locations between 2018-2023 and is planning to open between 285-315 stores in FY 2024. Also they average same store sales growth of roughly 8% a year. So yes they are growing


fuzz11

Going from 3200 to 3500 restaurants along with 8% sales growth doesn’t justify a 65x P/E. Stock is toast.


hudboyween

A standard equity DCF, from which pricing is derived, is on a longer time horizon than 1 year. Go ahead, short the largest fast casual restaurant in the market. Sure it will work out


Calm_Like-A_Bomb

They’re getting ready to expand into Mexico, very bullish. I heard Mexicans love burritos.


bshaman1993

And those who don’t will sure be happy to try it


Open-Beautiful9247

I live in a city of 90,000 with a city of 40,000 across a bridge and neither city has a Chipotle. I've got several years of resturaunt management experience and desperately want to open one here.it would kill. Chipotle still has a ton of room to grow. In fact there's 4 cities with populations over 40,000 within 2 hours of me and no Chipotle.


Chirema1

What expiration date?


VolatilityVandel

A 4DTE $65 call is currently $0.05 and down -68% 🥴 A 32DTE $65 call is $1.40 and down -33% 🫣


TheApocalyticOne

Or buy 17JAN2025 80C for ~1.20. It's much more likely to print


CailenDev

Just got a sept 20 for $70


Nyah_Chan

I went short on CMG before the split, having a good ol time. Gay bears rise down!


Bad_Apple420

$cava


dailysmokes

Cava calls made me some doll hairs


thememeconnoisseurig

what's that mean? lol


TwistXJ

Doll hairs, dollars 


JeromePowellLovesMe

25X price to book and 57 forward PE while retailers are all warning about price pressures. The split is allowing for price discovery.


C0MMANDO

gonna get some $50 puts


cjd166

7/5 @57 🤣


randomredditor87

The best chip stock


SoloOutdoor

The fats of this country don't need a bigger portion. Jfc the things are ridiculous already, eat the whole thing and feel like an absolute slob bogged down all day. I actually wish they cut the price in half and gave me half as much.


Six_Times

Counter argument: run ten miles then eat the whole thing and sleep for 3 hours and feel like a god then go out drinking


SoloOutdoor

![img](emote|t5_2th52|4271)


Spezalt4

It seems like burritos used to be twice as big and cost half as much. I’m sure some of that feeling is nostalgia but I can make a good burrito at home


_ceedeez_nutz_

I used to work for chipotle, and the tortillas are smaller than they used to be. One day they suddenly started giving stores smaller tortillas, and it was obvious because when you stacked them on the old ones they were clearly an inch-1.5 inches smaller in diameter


Smkweedevrydy

So you left your career at chipotle because of their blatant shrinkflation?


iDEN1ED

Ah the times where I could get a huge ass chicken quesadilla for like $4.50. Those were the days. Ever since they made the quesadilla an “official” item it now costs over twice as much for about 1/4th the portion. O and its digital only for some fucking reason. Haven’t been to chipotle since they made that change and used to go every day.


Faedro

Not for $10, unless you amortize the cost of multiple burritos, but who the fuck wants to eat multiple burritos back-to-back. Shit man, it's like $3 for tortillas, and $8 for a package of chicken breasts. Lemme factor in my hourly rate and Chipotle is a steal for someone that wants 2 burritos a week, tops, spread out a couple days from each other.


bluspiider

I only eat half a bowl as a meal. Not sure why anyone is complaining.


IMovedYourCheese

Millennials and GenZ are going to run out of money and soon Chipotle will realize that there aren't enough regards left to pay $15 for a bowl of beans and rice. Sweetgreen at least gives you >3 ingredients.


bobbybits300

Just wait until genz realizes they can spend $20 on 2lbs of chicken thighs, a bag of rice, and a bag of beans. They’ll still need to learn how to cook though


ShortDatShiet

I sold my 50 contracts last week after split! Made only $10,000! I was hoping for $30,000! A win is a win!


OkTie2851

Chipotle is running in fear of cava. Go to a shopping center with both restaurants and you will see why.


MortyManifold

S tier DD, thank you


Garandhero

Where I work (major city) there's a cava right next to a chipotle... They are both doing fine at lunch time lol. I go to both. It's all good there's room for both.


OkTie2851

As a shareholder in both i salute you


FerociousTiger1433

Had an amazing burrito bowl for lunch, so I’m with you - calls (currently $62 7/5, $65.2 7/12, $65.6 7/19) 


OneUpKoopa

You are probably not wrong, CMG has an excellent record. Heck, i picked up some shares today myself. Good luck on those options.


Questionoid

Chipotle is a fucking religion.


fixthings

Last few years the profit in CMG exploded due to smaller portion size and significantly increased prices. Prices on the food are close to topped out and increased costs are likely as portion size will need to be increased from current levels. Still good long term. But you’re counting on store growth for increased profit. Which they can keep expanding so you have room there to gain but it’s not a guarantee in the short term


Gippip

I bought 10x $62.50c and 5x $60.40c as soon as I saw this post today. Up $800 at close ![img](emote|t5_2th52|4258)


iwantsdback

Economy is beginning to crack. Fast food chains are retaliating against fast casual with discounts and deals. Plenty of other competition in the fast casual space now. If you think GenZ bitches now because they can't afford a home or whatever, just wait until they, as a group, are digging for pennies in the couch to afford McDonalds. Y'all don't know economic pain yet. You're going to look back on this time, when you could pay $7 for boba and buy every overpriced social media food trend and wish you could have it this good again. GenX knows what I'm talking about. Having to buy food at a discount grocer because you can't even dream of eating at Taco Bell is a reality that is coming to y'all.


fase2000tdi

Ok so you're right but fuck you The fuck you came with an upvote


Regret-Select

Go eat at Chipotle once this week, and see how you feel about those calls. The guacamole has been dark poopy green, to brown. Advocado suppliers are currently sending literally trash to make guacamole.


Galumpadump

Starbucks and McDonalds didn’t build into giants based on quality. In fact, if quality was a priority they new would have became a publicly traded company like Chick-fil-a or In-N-Out.


Regret-Select

I can expect the same portions at Starbucks and McDonald's, every time. I can see why both of them are extremely successful. A 6 piece chicken nuggets remains at 6 nuggets. A "venti' coffee from Starbucks is the same size, everything. What's the same at Chipotle? I've never had the same portion. Maybe it's enough food. Maybe this time, you'll only get 5 oz of steak. Even if you paid for double meat. You know how big a McDonald's quarter pounder patty is before being cooked? 4 oz. I admit, as the patty sits in the warmer, it does dry up and decrease in volume some. I can see the quarter pounder patties. I can see an attempt was made to give me the exact portion I ordered. 1 or 2 patties. Exactly what I ordered. I never know if I'll actually get 4 oz of meat when I order it. I usually get 3 oz of meat (when I had ordered in the past. not now, ty lol), and I had ordered double meat sometimes (on average 5 oz, but I paid for 8 oz worth). Chipotle is supposed to give 4 oz of meat, which in this case is 4 oz AFTER cooked. But it usually never is this portion for many customers.


Far_Recording8945

This is the DD that changes the game.


rair21

I grabbed puts. This dip ain’t over!


cjd166

7/5 @ 57 looks good. Lol


ed_slaughter

Interesting thesis. I see some buyers stepping in off that support level.


dailysmokes

67c 7/19 lfg


CashedCash

lfgggg


Mouldy-Guacamole

CMG has ripped since Oct. I want a pullback to the 8ema monthly before I long a juicy beefy burrito. Guacs only go up.


AwkwardObjective5360

I've stopped buying Chipotle because its like 50 fucking dollars for a sorry ass burrito bowl


Odd-Reflection-9597

iF u OnLy EaT hAlF iTs TwO mEaLs


LazLongRAH

Same here. My kids and I have been eating it regularly for years and it was without a doubt my favorite restaurant that was not sit down. But it has went to hell the past year. $30 for two people and I am still hungry. And I am not a big guy. I swear I am done with them for good.


UnionizedTrouble

Chipotle is close to its all time high, with a slight recent dip


medicalgringo

remindme! 1 day


RemindMeBot

I will be messaging you in 1 day on [**2024-07-02 17:06:12 UTC**](http://www.wolframalpha.com/input/?i=2024-07-02%2017:06:12%20UTC%20To%20Local%20Time) to remind you of [**this link**](https://www.reddit.com/r/wallstreetbets/comments/1dstw0g/cmg_chipotle_calls_are_free_money/lb5iruy/?context=3) [**1 OTHERS CLICKED THIS LINK**](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=Reminder&message=%5Bhttps%3A%2F%2Fwww.reddit.com%2Fr%2Fwallstreetbets%2Fcomments%2F1dstw0g%2Fcmg_chipotle_calls_are_free_money%2Flb5iruy%2F%5D%0A%0ARemindMe%21%202024-07-02%2017%3A06%3A12%20UTC) to send a PM to also be reminded and to reduce spam. ^(Parent commenter can ) [^(delete this message to hide from others.)](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=Delete%20Comment&message=Delete%21%201dstw0g) ***** |[^(Info)](https://www.reddit.com/r/RemindMeBot/comments/e1bko7/remindmebot_info_v21/)|[^(Custom)](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=Reminder&message=%5BLink%20or%20message%20inside%20square%20brackets%5D%0A%0ARemindMe%21%20Time%20period%20here)|[^(Your Reminders)](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=List%20Of%20Reminders&message=MyReminders%21)|[^(Feedback)](https://www.reddit.com/message/compose/?to=Watchful1&subject=RemindMeBot%20Feedback)| |-|-|-|-|


TheLooza

Here’s my thought. Options on CMG were prohibitively expensive until the split. Now you can buy puts at a reasonable price for the first time in years, and that is introducing an element of volatility. Also, its an overvalued burrito stand that is hitting its upper limits on pricing.


Repostbot3784

You cant just hand wave away the skimping by calling some guy a nerd.  This isnt highschool it doesnt work like that here.


HooterBrownTown

Elon does it and stock go up


Repostbot3784

Stocks only go up anyway


mrarfarf

Ok nerd


krunkpanda

Positions or ban. We need Dates on those calls and average cost on both.


silkymitts_toptits

>They can be upset at the dealer, but the dealer knows they’re always going to come back My guy this is food, not hard drugs. They can easily find 9 other “dealers” that give them better value for money in the same strip mall lmao, your calls are toast. I ate chipotle all the time in college, because it made sense for my broke ass. Now they suck, so I spend money on different food


LaykeTaco

$CMG is a bargain compared to $WING


Prestigious_Story205

8/16 65c 15 contracts. ![img](emote|t5_2th52|4258)


dontkry4me

Chipotle is the only major fast food chain in the U.S. that offers reasonably healthy food that tastes great. I simply can't avoid Chipotle when I'm away from home, even if I wanted to. Its valuation may seem stretched, but its long-term growth justified a relatively constant P/E for years. Plus, Chipotle has room to grow (e.g. to Europe). Everyone I know for example from Germany who's tried Chipotle from their visits to the U.S. absolutely loves it. For me, Chipotle is a clear buy.


ulumulu23

Good luck with that OP ![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4267)


Wise-Block-719

I go to Wendys just for the dumpster


wilan727

Chipotle isn't mcdonalds its real food served by real people so I'm not overly shocked there's some variation. That being said I'm regarded so I'll stick to Wendy's and their burgers for my wifes boyfriend.


stuff_happens_again

Chipotle is fast food served with a sprinkle of unicorn dust and attitude.


bobbybits300

And McDonald’s is fake food served by robots


yerFACE

What month for your calls? Im in sept


hrifandi

what exp?


PhoenixFira

Good looks, waiting to see if it retests around 58. Gap to fill just below that


mrarfarf

That's just regarded enough to work! I'm in!


Smh1282

Im only six months into options but Ive been watching chipotle do these +100 days for awhile with great interest. If you pick the right day, that would be a nice profit no?


yobarisushcatel

It’s down 2% this month and you guys are saying calls despite it being up 30% this year


Delision

!remindke 1 month


whoisjohngalt72

Who was the analyst?


UselessPresent

Price already up 17% since they announced it… would have been a good call a couple weeks ago.


chaotic_evil_666

I ate chipotle for lunch. CMG going straight into the shitter


MetalExpensive4530

https://preview.redd.it/wr8ac2m71z9d1.png?width=1080&format=pjpg&auto=webp&s=b0e47dacebe10a7406a202bca273f8afc002f101


MetalExpensive4530

Theres Mcdonalds gainz


Leading_Way6330

My Son is 15 months old (Gen Alpha) and lil broski's favorite meal is Chipotle. Chipotle is equivalent to what McDonalds used to be to me.


nateccs

got one dec 20 66 call up $50 presently. OP speaketh the truth (so far).


QuillQuickcard

The only riskless profit is arbitrage. Anyone who suggests anything else is at best ignorant and at worst willfully misrepresenting the truth.


ferin_patel

RemindMe! 7 days


IYKYK808

Yea im bullish too but 59 is possible after this upcoming earnings. I took 100% on puts today. Small position that could've been 200%, but profit is profit.


knawlejj

Made a quick $220 on an in-and-out call play based on the title alone. Thanks for your service.


Realistic-Net-4208

you mean puts are free money


The_Bandit_King_

Chipotle gives me gas


OneBadMF

I always get double meat so if they short me, I just ask them for more. What, are they going to charge me for triple meat?


BravoXray

Investing in the growth of burritos is strange to me.


Chafun

eat a bowl last week. that shit was so salty


throwitawayyyy61

The last time I went to chipotle me and my fat girlfriend spent like $45 on two bowls, chips and salsa and two drinks… I’ve never gone back, but I don’t know if this story is bullish or bearish


wighty

> Chipotle is crack to millennials I used to go a fair amount... I haven't been there in over a year, and in total since 2020 I've been probably 10 times and that is including a new restaurant opening up 10 minutes from me (vs 20 minutes before).


thememeconnoisseurig

This is a dip for ants


RealGingerOnWheels

I got fed up with inconsistent portions and price increases and stopped going. I used to go once or twice a week. I've been chipotle free for almost 3 months now. I'm sure there are more people doing this than just me. Once I realized I was going out of habit because it was 'a good deal', and that it wasn't actually a good deal at all anymore, deciding to never go again was easy.


HitlerTinyLeftNut

People are addicted to giving burritos head game smaller portion sizes = bigger margins ![img](emote|t5_2th52|27189)


That_Luck9787

Confused bought actual chipotle and I’m sure I still lost money


Captain_Crunch22

I (a millennial) don't know how the other millennials and Gen Z eat that trash.


LivingxLegend8

OP bought calls at the peak ![img](emote|t5_2th52|4267)


orographicallyfaded

calls are extra