Option traders moderately bearish in Chipotle (CMG), with shares down 60c near $37.33. Options volume relatively light with 28k contracts traded and puts leading calls for a put/call ratio of 1.56, compared to a typical level near 0.76. Implied volatility (IV30) is higher by 0.6 points near 30.26,and below the 52wk median, suggesting an expected daily move of $0.71. Put-call skew flattened, suggesting a modestly bullish tone.
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