Chipotle call volume above normal and directionally bullish
The Fly

Chipotle call volume above normal and directionally bullish

Bullish option flow detected in Chipotle with 47,047 calls trading, 50x expected, and implied vol increasing over 2 points to 40.49%. 6/28 weekly 72 calls and 7/5 weekly 58.2 puts are the most active options, with total volume in those strikes near 5,400 contracts. The Put/Call Ratio is 0.34. Earnings are expected on July 24th.

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