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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 May 22, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Conviction
4.0

out of 10

4 not 5 because the bearish flow signal is strong (confidence 9) and undermines the bullish view; if flow were neutral, conviction would be 7.

Where Perspectives Agree

Max pain pin to $33 is reinforced by GEX/flow alignment and theta short premium setup, but flow's bearish net premium conflicts with directional's bullish bias.

Where They Diverge

Flow's negative net premium and put concentration below spot (bearish) directly contradict directional's bullish thesis based on positive dealer delta and near-max-pain position.

Top Trade
via theta

Sell 2026-06-12 $31.00 put / $35.00 call strangle for ~$0.90 credit

Key Risk

Break below $31.78 (theta guardrail) or $32 support flips gamma negative, triggering stop-loss cascade and invalidating pin thesis; downside accelerates toward $27.5 put OI support.

How to Use These Reports
This ai consensus reflects the market close on May 22, 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.