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CMG

Chipotle Mexican Grill, Inc.Close $32.80EOD only
Max Pain
$33.00
Next expiry May 22, 2026
Expected Move
±$0.66
2.0% from close
Price Gap
+0.20
Distance to max pain
IV Rank
14
Low premium
P/C OI
1.02
Balanced positioning
Consensus
6.0/10
Bearish tilt
Published snapshot: May 21, 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
May 21, 2026 close
CMG AI Consensus Report
Analysis based on market close April 6, 2026
DirectionalTheta GangFlowEarningsConsensus

Consensus-supported lens with chain history and key metrics in the rail.

Conviction
6.0

out of 10

6 not 7 because the bearish signal is strong from GEX and flow, but earnings in 23 days introduces uncertainty and potential for a pre-event rally that could disrupt the downward pull.

Where Perspectives Agree

Bearish pull to $33 — GEX trending negative, spot above max pain, and net premium selling create a gravitational force lower.

Where They Diverge

Earnings perspective shows mixed flow and high IV but no explicit directional bias, while directional perspective strongly asserts bearishness — the absence of a clear earnings catalyst for the downside creates a gap in the bearish thesis.

Top Trade
via theta

Sell Apr 17 $33/$32 put spread for credit — defined risk, profits from pin to $33, expires pre-earnings.

Key Risk

Break above $35 flips GEX concentration upward and removes the downside magnet — upside accelerates to resistance levels, invalidating the bearish thesis.

How to Use These Reports
This ai consensus reflects the market close on April 6, 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.