Chipotle call volume above normal and directionally bullish

Bullish option flow detected in Chipotle (CMG) with 17,365 calls trading, 3x expected, and implied vol increasing almost 2 points to 53.75%. May-26 34 calls and Jun-26 45 calls are the most active options, with total volume in those strikes near 11,200 contracts. The Put/Call Ratio is 0.30. Earnings are expected on April 29th.