Trading a CMG straddle lets you take a pure volatility position on Chipotle Mexican Grill without committing to a direction. Chipotle Mexican Grill's straddle involves buying (or selling) a call and a put at the same strike and expiration, profiting when the stock moves more (or less) than the combined premium implies. Use our scanner to evaluate CMG straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on CMG profits from large moves in either direction and is a classic play into binary events like earnings, product announcements, or macro releases. A short straddle profits when Chipotle Mexican Grill stays range-bound and implied volatility contracts. The breakeven points are simple: strike plus total premium on the upside, strike minus total premium on the downside. Comparing the CMG straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
Chipotle Mexican Grill, Inc., together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. 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. The company was founded in 1993 and is headquartered in Newport Beach, California.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the CMG straddle is the cleanest expression of that view. Our scanner prices every CMG straddle against historical realized moves, flags expirations where the market is overpaying or underpaying for vol, and ranks setups by breakeven width and IV rank. Whether you're long a CMG straddle into a catalyst or short a CMG straddle to harvest decay, the options straddle setups that matter are all in one place.
