Options market sentiment mixed as Chipotle (CMG) shares slide. CMG is down 4.0% to $47.66 (-$1.99) despite an upgrade to Buy from Loop Capital, with elevated stock volume (78th percentile) but trading near a 52-week low (1st percentile). Options activity is below average, with 46K contracts traded, while the put/call ratio sits at 0.67 (33rd percentile). Implied volatility (IV30) is elevated (70th percentile), and put skew is at a high (86th percentile), suggesting increased demand for downside protection.
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