Home Options CMGReports

CMG

Chipotle Mexican Grill, Inc.Close $33.51EOD only

Max Pain

$35.00

Next expiry Sep 18, 2026

Expected Move

±$0.65

1.9% from close

Price Gap

+1.49

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.66

Slightly call-heavy

Consensus

5.0/10

Range bias

Published snapshot: Sep 17, 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

Sep 17, 2026 close

CMG Theta Report

Analysis based on market close June 18, 2026

Directional Theta Gang Flow Earnings Consensus

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

You are viewing an older report from June 18, 2026. A newer theta report is available for June 26, 2026.

View latest report

Theta Verdict

Confidence:

6.5 / 10

base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); +0.5 spot 1.5% from MP; +1 VIX 17

IV Environment

IV Regime

High

IV vs VIX

IV 4x VIX; elevated

Favorable?

Yes

Term structure: Front-week extreme due to event; rest upward and elevated

📊IV elevated across tenors; binary event risk on front-week

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+1.1M)

Gamma flip: ~$25.00 — Approx — based on put OI concentration of 143,936 (23.1% below spot)

OI concentrations: Max pain $32; put OI concentration $25-$28

Verdict: Pinning likely toward $32

Premium Opportunities

Put credit spread

Sell 2026-07-10 $32.00/$31.00 put spread

Sell $32/$31 put spread to collect premium, expecting price to stay above $32.

Credit: $0.32-$0.39

Max loss: $0.61

BE: $31.61

Mgmt: Exit at 50% max profit or if spot breaks below $32 invalidation level.

Iron condor

Sell 2026-07-10 $31.00/$30.00 put wing and $33.00/$34.00 call wing

Neutral strategy profiting from time decay and narrow price range near $32.

Credit: $0.54-$0.67

Max loss: $0.33

BE: 30.33 / 33.67

Mgmt: Close early if IV contracts or price moves outside wings. Liquidity warning: Liquidity constraints: long_put: Wide spread (53%).

Risk Alerts

!Binary event risk on 0 DTE

!Gamma flip at $25 could accelerate sell-off

!High IV may contract post-event

How to Use These Reports

This theta reflects the market close on June 18, 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.