Chipotle Shares Rise 1.13% to $34.37
Moderately bullish activity in Chipotle (CMG), with shares up 38c, or 1.13%, near $34.37. Options volume roughly in line with average with 50k contracts traded and calls leading puts for a put/call ratio of 0.84, compared to a typical level near 1.64. Implied volatility (IV30) is higher by 0.4 points near 50.19,in the top quartile of the past year, suggesting an expected daily move of $1.09. Put-call skew flattened, suggesting a modestly bullish tone.
