Chipotle Mexican Grill (CMG) Options Chain

NYSE: CMGConsumer DiscretionaryRestaurantsUSD

31.59-1.09 (-3.34%)

At close: Oct 9, 4:02 PM ET · Delayed 15 min

Expiration date

Expiration: Nov 20, 2026
Days to expiration: 40
Share price: $31.59
Put/call ratio (OI): 2.57
Put/call ratio (volume): 0.52
ATM implied volatility: 47.0%
Expected move: ±$4.92
Open interest (C / P): 13.00K / 33.42K

CMG options summary

The CMG options chain for the November 20, 2026 expiration lists 12 call and 12 put contracts, with 40 days until expiration. Open interest stands at 13,002 calls and 33,416 puts, a put/call ratio of 2.57, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $32.50 strike is 47.0%, which implies the market expects a move of about ±$4.92 (15.6%) in Chipotle Mexican Grill stock by expiration.

The most open interest sits at the $32.50 call (5.11K contracts) and the $27.50 put (21.64K contracts).

Summary generated from market data by MetaCap's automated system. Methodology

CMG options chain · November 20, 2026

CMG calls and puts by strike price. Shaded cells are in the money.
Calls							Puts
OI	Vol	IV	Last	Bid	Ask	Strike	Bid	Ask	Last	IV	Vol	OI
—	—	—	—	—	—	17.50	0.00	0.05	0.05	78.1%	2	11
—	—	—	—	—	—	20.00	0.00	0.09	0.03	67.2%	1	150
—	—	—	8.62	—	—	22.50	0.00	0.15	0.06	56.6%	10	26
33	2	63.5%	7.35	6.45	7.00	25.00	0.11	0.16	0.13	49.0%	6	1,039
169	6	55.1%	4.50	4.35	4.80	27.50	0.39	0.45	0.42	45.8%	591	21,636
589	113	50.3%	2.72	2.58	2.96	30.00	1.07	1.14	1.08	44.4%	307	3,658
CMG $31.59
5,109	736	47.7%	1.59	1.49	1.62	32.50	2.26	2.47	2.40	46.3%	577	6,202
3,305	601	46.7%	0.68	0.68	0.80	35.00	3.95	4.15	4.05	45.0%	66	466
1,533	302	46.2%	0.33	0.34	0.36	37.50	6.00	6.50	5.35	54.6%	46	162
1,704	928	46.1%	0.14	0.12	0.15	40.00	7.95	8.80	8.60	58.7%	1	49
267	232	51.6%	0.08	0.04	0.11	42.50	10.45	11.50	10.55	77.3%	—	17
179	97	51.0%	0.04	0.02	0.07	45.00	12.85	14.20	12.25	59.6%	—	0
8	2	54.3%	0.05	0.00	0.06	47.50	—	—	—	—	—	—
106	101	63.3%	0.04	0.00	0.09	50.00	—	—	—	—	—	—

In-the-money callsIn-the-money puts. IV = implied volatility, OI = open interest (contracts). Each contract covers 100 shares. Quotes delayed at least 15 minutes.

Frequently asked questions

What is the CMG put/call ratio?

For the November 20, 2026 expiration, the CMG put/call ratio based on open interest is 2.57 (33,416 puts vs 13,002 calls), and 0.52 based on today's volume. A ratio above 1 means more puts than calls.

What is CMG's implied volatility?

At-the-money implied volatility for CMG options expiring November 20, 2026 is about 47.0%, an annualized estimate of how much the market expects Chipotle Mexican Grill stock to move.

How many CMG option expiration dates are there?

CMG has 13 listed expiration dates, from Oct 16, 2026 to Jan 19, 2029.

What does "in the money" mean?

A call is in the money when the strike price is below the current share price; a put is in the money when the strike is above it. In-the-money contracts have intrinsic value and are shaded in the table.