Traders are heavily betting on a downside for Chipotle ahead of its earnings report, with options trading volume eight times the monthly average.
Traders are heavily betting on a downside for Chipotle ahead of its earnings report, with options trading volume eight times the monthly average. According to CNBC, Chipotle's options trading volume surged to more than eight times its monthly average on Tuesday, with put options significantly outnumbering call options, indicating a widespread bearish sentiment in the market regarding the fast-food giant's earnings. Some traders invested $1.1 million in put options, betting that Chipotle's stock price will fall another 5% within the next 3.5 weeks.
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