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: Mar 19, 2027
Days to expiration: 159
Share price: $31.59
Put/call ratio (OI): 0.95
Put/call ratio (volume): 0.38
ATM implied volatility: 43.1%
Expected move: ±$8.98
Open interest (C / P): 13.67K / 13.03K

CMG options summary

The CMG options chain for the March 19, 2027 expiration lists 16 call and 15 put contracts, with 159 days until expiration. Open interest stands at 13,671 calls and 13,031 puts, a put/call ratio of 0.95, which is fairly balanced between calls and puts. At-the-money implied volatility near the $32.50 strike is 43.1%, which implies the market expects a move of about ±$8.98 (28.4%) in Chipotle Mexican Grill stock by expiration.

The most open interest sits at the $45.00 call (3.20K contracts) and the $37.50 put (4.27K contracts).

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

CMG options chain · March 19, 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
16	1	76.4%	16.05	16.10	17.75	15.00	0.00	0.13	0.06	55.9%	1	112
3	1	63.8%	16.36	13.65	15.25	17.50	0.06	0.11	0.06	49.6%	33	50
155	1	60.7%	11.50	11.70	12.75	20.00	0.13	0.42	0.23	53.9%	1	95
18	1	50.3%	11.35	9.45	10.15	22.50	0.38	0.46	0.42	43.9%	11	400
176	4	54.4%	7.75	7.50	8.15	25.00	0.58	0.83	0.80	41.3%	61	1,091
158	104	49.8%	6.00	5.70	6.25	27.50	1.38	1.55	1.47	41.0%	97	1,472
513	11	46.9%	4.40	4.30	4.65	30.00	2.19	2.45	2.40	39.3%	59	1,659
CMG $31.59
808	131	47.3%	3.24	2.97	3.55	32.50	3.15	3.75	3.63	38.8%	15	2,670
3,129	48	45.0%	2.26	2.22	2.47	35.00	5.00	5.30	4.34	37.9%	29	818
773	52	44.8%	1.54	1.48	1.77	37.50	6.40	7.25	6.30	39.0%	3	4,272
1,258	392	42.1%	0.97	0.98	1.09	40.00	8.50	9.30	9.48	39.0%	4	258
1,201	32	44.8%	0.65	0.61	0.90	42.50	10.70	11.60	9.95	41.1%	5	45
3,200	4	44.8%	0.43	0.38	0.63	45.00	12.95	14.45	14.16	52.4%	1	82
816	6	42.6%	0.36	0.29	0.36	47.50	15.35	17.00	14.95	58.1%	1	7
671	36	43.3%	0.26	0.20	0.26	50.00	17.80	19.45	16.52	61.6%	2	0
776	25	44.4%	0.14	0.02	0.14	55.00	—	—	—	—	—	—

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 March 19, 2027 expiration, the CMG put/call ratio based on open interest is 0.95 (13,031 puts vs 13,671 calls), and 0.38 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 March 19, 2027 is about 43.1%, 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.