Mixed options sentiment in Chipotle (CMG), with shares up 22c, or 0.51%, near $42.73. Options volume relatively light with 53k contracts traded and calls leading puts for a put/call ratio of 0.31, compared to a typical level near 0.56. Implied volatility (IV30) dropped 0.4 near 29.27,and below the 52wk median, suggesting an expected daily move of $0.79. Put-call skew steepened, indicating increased demand for downside protection.
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