Mixed options sentiment in Chipotle with shares up 1.52%

Mixed options sentiment in Chipotle (CMG), with shares up 70c, or 1.52%, near $46.44. Options volume more than double the daily average with 117k contracts traded and calls leading puts for a put/call ratio of 0.61, compared to a typical level near 0.39. Implied volatility (IV30) dropped 3.15 near 25.79,in the bottom quartile of the past year, suggesting an expected daily move of $0.75. Put-call skew steepened, indicating increased demand for downside protection, following an upgrade to Outperform at BMO Capital.