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CMG

Chipotle Mexican Grill, Inc.Close $31.69EOD only

Max Pain

$31.50

Next expiry Jun 26, 2026

Expected Move

±$0.80

2.5% from close

Price Gap

-0.19

Distance to max pain

IV Rank

Low premium

P/C OI

1.31

Slightly put-heavy

Consensus

7.0/10

Bullish tilt

Published snapshot: Jun 24, 2026 close

End-of-day snapshot

This page reflects CMG options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.

Published Snapshot

Jun 24, 2026 close

CMG Flow Report

Analysis based on market close June 25, 2026

Directional Theta Gang Flow Earnings Consensus

Historical consensus-supported lens with full content, report chain context, and metric rail.

Flow Verdict

Confidence:

5.5 / 10

base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); +0.5 VIX 19

Watch next session: $33 call accumulation; gamma flip level $25

Flow Summary

Net premium: -$3.5M bearish

P/C volume ratio: 0.79

P/C OI ratio: 1.30

Bullish flow from unusual near-term call sweeps and positive dealer gamma. Net premium positive from call buying. Spot above MP and pinning. VIX moderate.

Notable Prints

CMG 2026-07-31 $33.00 Call

Vol: 1,013

OI: 180

Vol/OI: 5.6x

IV: 52.9%

Notional: ~$160K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

CMG 2026-07-02 $33.00 Call

Vol: 2,895

OI: 1,059

Vol/OI: 2.7x

IV: 35.8%

Notional: ~$101K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

CMG 2026-12-18 $60.40 Put

Vol: 200

OI: 116

Vol/OI: 1.7x

IV: 0.0%

Notional: ~$280K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Large call buys at $33 strikes (Jul 2 & Jul 31).

Put additions: Dec18 $60.40 put added, likely distressed/off-market (0IV).

GEX/DEX consistency: GEX+$2.5M & DEX+19.5M consistent with call flow, net premium negative suggests put selling offsets.

OI clusters: Put OI concentrated ~22.6% below spot.

Hedging evidence: Dec18 $60.40 put with 0IV appears distressed/off-market, not a typical hedge.

Max pain context: Spot above MP; pinning expected.

Signal vs Noise

~Call accumulation at $33 (high vol/oi) is real bullish signal.

~Dec 18 $60.40 put with 0IV is noise (distressed or off-market).

~Net premium negative despite positive GEX suggests noise in premium calculation.

Key Conclusions

🚀Institutions adding calls at $33 (Jul2 2.7x, Jul31 5.6x vol/oi).

⚠️Spot above MP with pinning gamma; risk of drift lower.

How to Use These Reports

This flow reflects the market close on June 25, 2026.

What the reports do

Each report translates the same market-close options snapshot into a specific lens such as directional bias, premium-selling posture, flow quality, or earnings setup.

How traders use them

Reports are most useful for narrowing the playbook, surfacing entry and risk context, and deciding which raw data page to inspect next.

What to remember

These are interpretation layers, not execution guarantees. Validate the setup against chain liquidity, expected move, and exposure before sizing risk.

If the report conviction and the raw data disagree, slow down and resolve the mismatch before sizing risk.