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: Jan 15, 2027
Days to expiration: 96
Share price: $31.59
Put/call ratio (OI): 0.57
Put/call ratio (volume): 0.25
ATM implied volatility: 42.0%
Expected move: ±$6.80
Open interest (C / P): 119.58K / 67.71K

CMG options summary

The CMG options chain for the January 15, 2027 expiration lists 27 call and 27 put contracts, with 96 days until expiration. Open interest stands at 119,582 calls and 67,712 puts, a put/call ratio of 0.57, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $32.50 strike is 42.0%, which implies the market expects a move of about ±$6.80 (21.5%) in Chipotle Mexican Grill stock by expiration.

The most open interest sits at the $50.00 call (13.80K contracts) and the $30.00 put (12.77K contracts).

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

CMG options chain · January 15, 2027

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
9	1	83.8%	18.22	16.00	17.50	15.00	0.00	0.05	0.05	62.5%	9	37
84	1	63.7%	15.58	13.35	15.05	17.50	0.00	0.13	0.02	58.2%	10	803
206	4	65.2%	12.00	11.45	12.40	20.00	0.01	0.26	0.05	53.1%	3	512
252	35	59.0%	9.20	9.20	10.05	22.50	0.11	0.24	0.19	47.3%	18	3,136
495	100	55.0%	7.06	7.00	7.50	25.00	0.40	0.45	0.47	42.6%	2	7,017
220	22	50.0%	5.20	5.00	5.50	27.50	0.71	0.98	0.92	41.5%	26	6,586
5,202	73	46.5%	3.60	3.45	3.80	30.00	1.56	1.84	1.80	40.5%	202	12,773
CMG $31.59
2,322	1,588	44.1%	2.42	2.35	2.47	32.50	2.73	3.10	3.02	39.8%	125	11,315
6,309	284	42.8%	1.53	1.40	1.53	35.00	4.40	5.10	4.40	45.5%	3	6,411
3,418	96	42.1%	0.83	0.85	0.91	37.50	6.30	6.85	6.50	42.7%	1	7,144
12,788	436	41.1%	0.50	0.45	0.50	40.00	8.40	8.95	7.56	42.1%	12	4,920
4,188	46	46.4%	0.25	0.25	0.45	42.50	10.60	11.35	10.06	46.1%	5	1,524
6,979	102	44.5%	0.16	0.16	0.23	45.00	13.10	14.45	12.00	67.3%	5	5,046
7,658	8	50.0%	0.15	0.00	0.24	47.50	15.30	16.70	14.10	67.5%	182	121
13,798	264	45.7%	0.07	0.05	0.09	50.00	18.15	19.10	16.60	53.5%	182	365
1,172	2	50.4%	0.09	0.00	0.10	52.50	0.00	0.00	18.67	—	1	0
3,221	2	54.0%	0.05	0.00	0.10	55.00	24.80	27.20	22.87	121.1%	2	0
2,581	146	52.0%	0.09	0.00	0.10	57.50	20.85	22.05	23.32	—	1	0
9,039	5	54.3%	0.05	0.02	0.07	60.00	22.30	23.70	25.91	—	10	0
738	50	57.0%	0.04	0.00	0.09	62.50	0.00	0.00	24.25	—	50	0
4,843	1	55.9%	0.01	0.00	0.05	65.00	0.00	0.00	31.35	—	2	0
12,526	12	60.5%	0.03	0.01	0.04	70.00	29.00	33.50	40.20	—	4	0
3,069	112	67.6%	0.03	0.01	0.06	75.00	40.45	44.55	36.14	121.9%	1	0
3,387	25	68.8%	0.01	0.01	0.04	80.00	46.00	51.00	41.02	80.9%	1	0
4,105	1	68.8%	0.03	0.00	0.03	85.00	23.80	24.20	25.72	—	2	2
3,858	2	65.6%	0.01	0.00	0.01	90.00	31.60	33.15	31.77	—	2	0
7,115	2	68.8%	0.01	0.00	0.01	95.00	62.95	64.40	59.00	108.0%	1	0

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 January 15, 2027 expiration, the CMG put/call ratio based on open interest is 0.57 (67,712 puts vs 119,582 calls), and 0.25 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 January 15, 2027 is about 42.0%, 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.