CMG options flow: unusual options activity in Chipotle Mexican Grill Inc.
Updated 28 September 2026, 09:54 ET
Over the last week the tape recorded 36 unusual options prints in Chipotle Mexican Grill Inc. (CMG), $1.8M of tracked premium, leaning bearish. Bullish premium was $732K against $936K bearish; $799K went into calls and $960K into puts, a put call ratio of 1.20. The largest print was $221K of CMG 17 Sep 2027 $27.50 puts on 21 September 2026, executed at bid. The last session with prints, 28 September 2026, added 1 print and $26K of premium. CMG closed at $31.33 on 25 September 2026, down 2.1%.
This week's unusual flow
Prints from 21 September 2026 to 28 September 2026, 6 sessions. Delayed tier: every print is shown twenty minutes after it executed, and the page is rebuilt after each session.
Net premium is bullish minus bearish premium. The put call ratio is put premium divided by call premium, weighted by money rather than by contract count. Sweeps is the share of prints executed across several exchanges at once. Read the guide: Reading the Pulse.
Largest prints of the week
| Date | Contract | Type | Size | Open int. | Premium | Execution | Sentiment | Tier |
|---|---|---|---|---|---|---|---|---|
| 21 Sep 2026 | CMG 17 Sep 2027 $27.50 puts | Trade | 1,000 | 11 | $221K | At bid | Bullish | Notable |
| 25 Sep 2026 | CMG 19 Jan 2029 $30 calls | Trade | 110 | 26 | $107K | At bid | Bearish | Notable |
| 23 Sep 2026 | CMG 16 Oct 2026 $34 calls | Sweep | 1,600 | 1,667 | $86K | At bid | Bearish | Notable |
| 24 Sep 2026 | CMG 18 Dec 2026 $27.50 puts | Sweep | 1,074 | 5,097 | $84K | At bid | Bullish | |
| 24 Sep 2026 | CMG 18 Dec 2026 $38 calls | Sweep | 883 | 4,476 | $71K | At bid | Bearish | Notable |
| 21 Sep 2026 | CMG 17 Jun 2027 $40 calls | Trade | 215 | 1,218 | $58K | At bid | Bearish | |
| 23 Sep 2026 | CMG 19 Jan 2029 $25 puts | Sweep | 186 | 175 | $54K | At bid | Bullish | High conviction |
| 25 Sep 2026 | CMG 2 Oct 2026 $33.50 puts | Sweep | 250 | 184 | $53K | At ask | Bearish | High conviction |
| 23 Sep 2026 | CMG 21 Jan 2028 $32.50 puts | Trade | 100 | 2,485 | $52K | At bid | Bullish | |
| 25 Sep 2026 | CMG 18 Dec 2026 $32 puts | Sweep | 202 | 2,101 | $51K | At ask | Bearish | Notable |
| 25 Sep 2026 | CMG 21 Jan 2028 $30 puts | Sweep | 120 | 7,485 | $50K | At ask | Bearish | Notable |
| 24 Sep 2026 | CMG 16 Oct 2026 $34 calls | Trade | 1,099 | 1,664 | $48K | At bid | Bearish | Notable |
Size above open interest means the trade opened a position larger than everything that existed in the contract the night before. Above ask and below bid are the most aggressive executions. Read the guide: Size versus open interest.
Where the money is aimed
| Expiry | Prints | Premium | Calls share | Net premium |
|---|---|---|---|---|
| 19 Jan 2029 | 8 | $358K | 55% | -$4K |
| 18 Dec 2026 | 6 | $306K | 33% | -$80K |
| 16 Oct 2026 | 5 | $246K | 100% | -$246K |
| 21 Jan 2028 | 6 | $235K | 42% | -$21K |
| 17 Sep 2027 | 1 | $221K | 0% | +$221K |
| 17 Jun 2027 | 3 | $125K | 47% | -$97K |
The most premium, $358K, is aimed at the 19 Jan 2029 expiry; the nearest expiry with unusual prints is 16 Oct 2026.
A print in a contract expiring this week is a view about the next few days, often about a known event; a print months out is a different kind of statement. Read the guide: 0DTE options flow.
The last session, 28 September 2026
| Date | Contract | Type | Size | Open int. | Premium | Execution | Sentiment | Tier |
|---|---|---|---|---|---|---|---|---|
| 28 Sep 2026 | CMG 21 Jan 2028 $35 calls | Trade | 50 | 2,555 | $26K | At bid | Bearish |
Every print in CMG with its full detail, the live tape, one tap filters and saved screeners: open CMG in Options Sentiment Screener.
Price
The live quote and the price chart sit beside the ticker's flow in the app: open CMG in Options Sentiment Screener.
Analysts
The most recent analyst targets on file, from 18 firms, have a median of $42, 34.1% above the last close. The last 90 days brought 1 downgrade.
Calls bought at a strike above the average target are a bet that the analysts are too cautious; puts far below the price in a name they like are protection or a strong disagreement. Read the guide: Reading one ticker's flow.
About Chipotle Mexican Grill Inc.
- Exchange
- NYSE
- Sector
- Consumer Discretionary
- Industry
- Restaurants, Hotels, Motels
- Headquarters
- DENVER, California
- Website
- chipotle.com
Chipotle Mexican Grill was founded in 1993 and is headquartered in Newport Beach, California. As of February 15, 2022, it owned and operated approximately 3,000 restaurants in the United States, Canada, the United Kingdom, France, Germany, and rest of Europe.
In the same sector
Flow pages for other Consumer Discretionary names in the S&P 500:
AMZN Amazon Com Inc.TSLA Tesla, Inc.HD Home Depot, Inc.MCD McDonalds Corp.TJX TJX Companies Inc.BKNG Booking Holdings Inc.SBUX Starbucks Corp.LOW Lowes Companies Inc.
Learn
- What unusual options activity means
- Reading one ticker's flow
- Sweeps, blocks and where a trade printed
- Size versus open interest
- Bullish or bearish, how a print's sentiment is inferred
- The conviction score and whale prints
The live tape for CMG with every print's execution detail, one tap filters for calls, puts, sweeps and 0DTE, saved screeners and, for Realtime subscribers, push alerts and no delay. The same screen is in the iOS and Android apps.
Open CMG in Options Sentiment Screener