Mixed options sentiment in Chipotle with shares up 1.29%

Mixed options sentiment in Chipotle (CMG), with shares up 40c, or 1.29%, near $31.91. Options volume roughly in line with average with 64k contracts traded and calls leading puts for a put/call ratio of 0.46, compared to a typical level near 0.56. Implied volatility (IV30) dropped 1.86 near 35.04,and above the 52wk median, suggesting an expected daily move of $0.70. Put-call skew steepened, indicating increased demand for downside protection, following a downgrade to Neutral at Northcoast.