Mixed options sentiment in Chipotle (CMG), with shares up 40c, or 0.73%, near $54.66. Options volume relatively light with 31k contracts traded and calls leading puts for a put/call ratio of 0.21, compared to a typical level near 0.64. Implied volatility (IV30) dropped 0.34 near 39.38,and above the 52wk median, suggesting an expected daily move of $1.36. Put-call skew flattened, suggesting a modestly bullish tone.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CMG:
- Chipotle Secures New $500M Revolving Credit Agreement
- Option traders moderately bearish in Chipotle with shares down 2.19%
- Starbucks (SBUX) Adjusts Pricing for ‘Drink Extras’ as It Tries to Attract Consumers
- Chipotle price target raised to $54 from $52 at Barclays
- Compelling Options Setup Reinvigorates Chipotle Stock (CMG) Bulls