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Chipotle put volume heavy and directionally bearish
The Fly

Chipotle put volume heavy and directionally bearish

Bearish flow noted in Chipotle with 4,753 puts trading, or 1.9x expected. Most active are May-23 1500 puts and 3/24 weekly 1600 puts, with total volume in those strikes near 1,400 contracts. The Put/Call Ratio is 2.21, while ATM IV is up nearly 3 points on the day. Earnings are expected on April 25th.

Published first on TheFly

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