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 21, 2028
Days to expiration: 468
Share price: $31.59
Put/call ratio (OI): 0.73
Put/call ratio (volume): 0.21
ATM implied volatility: 41.2%
Expected move: ±$14.74
Open interest (C / P): 35.87K / 26.09K

CMG options summary

The CMG options chain for the January 21, 2028 expiration lists 17 call and 17 put contracts, with 468 days until expiration. Open interest stands at 35,870 calls and 26,091 puts, a put/call ratio of 0.73, which is fairly balanced between calls and puts. At-the-money implied volatility near the $32.50 strike is 41.2%, which implies the market expects a move of about ±$14.74 (46.7%) in Chipotle Mexican Grill stock by expiration.

The most open interest sits at the $60.00 call (5.91K contracts) and the $30.00 put (7.52K contracts).

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

CMG options chain · January 21, 2028

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
129	1	72.0%	17.34	17.20	19.30	15.00	0.17	0.35	0.35	45.1%	56	384
138	3	64.5%	18.05	15.10	17.00	17.50	0.42	0.68	0.49	44.3%	2	455
684	6	54.1%	13.78	13.20	13.95	20.00	0.68	1.00	0.88	41.2%	2	744
78	1	55.2%	12.00	11.30	12.90	22.50	1.33	1.67	1.21	41.2%	2	1,008
3,559	7	52.3%	11.24	9.65	11.10	25.00	1.91	2.24	2.07	38.3%	1	2,673
173	5	51.6%	8.50	8.30	9.75	27.50	2.65	3.15	2.85	37.2%	2	2,795
2,020	237	48.5%	7.20	7.00	7.50	30.00	1.50	4.10	3.60	35.1%	61	7,517
CMG $31.59
3,847	24	47.8%	5.88	5.80	6.40	32.50	5.05	5.45	4.71	34.6%	45	2,400
2,266	122	45.8%	5.00	4.80	5.25	35.00	5.40	7.80	6.00	39.8%	13	1,377
1,542	48	46.9%	3.94	3.40	4.65	37.50	8.00	8.40	8.58	31.6%	7	690
3,718	8	44.0%	3.22	3.15	3.60	40.00	9.80	10.25	9.17	30.9%	1	2,712
1,030	20	42.4%	2.60	2.50	2.85	42.50	11.20	14.50	12.01	48.0%	3	2,175
2,634	30	44.5%	2.35	2.00	2.66	45.00	13.25	15.30	14.86	38.3%	4	343
1,905	20	41.4%	1.76	1.54	1.90	47.50	14.60	16.55	14.36	28.9%	11	283
3,090	97	40.1%	1.45	1.30	1.45	50.00	17.35	18.90	17.50	29.3%	4	522
3,144	10	51.4%	0.86	0.78	3.55	55.00	22.55	25.30	23.02	49.1%	1	13
5,913	404	38.4%	0.55	0.53	0.58	60.00	27.50	31.00	22.40	59.6%	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 21, 2028 expiration, the CMG put/call ratio based on open interest is 0.73 (26,091 puts vs 35,870 calls), and 0.21 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 21, 2028 is about 41.2%, 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.