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Chipotle's Sizzling 50-for-1 Stock Split: Jim Cramer Recommends Investing, Traders Buzz About Options Play

Chipotle Mexican Grill Inc (NYSE:CMG) just pulled off a major move, splitting its stock 50-for-1 after Tuesday's close. Starting Wednesday, shares will trade on a post-split basis, making the stock more accessible to a wider range of investors. The split, Chipotle’s first, drops its share price from around $3,300 to about $65-$70, a significant shift that has Wall Street buzzing. Jim Cramer, Michael Khouw Discuss Chipotle Stock, Options Dynamics Jim Cramer is bullish on the burrito maker, urging investors to hold rather than trade Chipotle stock. Meanwhile, Michael C. Khouw, Chief Strategist at OpenInterest.PRO, explains the split's impact on options: contracts and open interest multiply by 50 ...