Mixed options sentiment in Chipotle with shares up 3.37%

Mixed options sentiment in Chipotle (CMG), with shares up $1.31, or 3.37%, near $40.28. Options volume roughly in line with average with 75k contracts traded and calls leading puts for a put/call ratio of 0.3, compared to a typical level near 0.56. Implied volatility (IV30) dropped 0.27 near 48.82, in the highest 10% of observations over the past year, suggesting an expected daily move of $1.24. Put-call skew steepened, indicating increased demand for downside protection.