Mixed options sentiment in Chipotle with shares up 1.83%

Mixed options sentiment in Chipotle (CMG), with shares up 70c, or 1.83%, near $39.28. Options volume roughly in line with average with 89k contracts traded and calls leading puts for a put/call ratio of 0.46, compared to a typical level near 0.66. Implied volatility (IV30) dropped 0.47 near 33.58,and above the 52wk median, suggesting an expected daily move of $0.83. Put-call skew steepened, indicating increased demand for downside protection.