Chipotle call volume above normal and directionally bullish

Bullish option flow detected in Chipotle with 47,047 calls trading, 50x expected, and implied vol increasing over 2 points to 40.49%. 6/28 weekly 72 calls and 7/5 weekly 58.2 puts are the most active options, with total volume in those strikes near 5,400 contracts. The Put/Call Ratio is 0.34. Earnings are expected on July 24th.