Traders heavily bet against Chipotle with record put options before earnings.

Ahead of its earnings report, Chipotle saw a surge in options trading with put options volume exceeding eight times the monthly average, signaling bearish sentiment among traders. Notably, 240,000 puts were traded compared to under 17,000 calls, including large bets on the stock falling below key strike prices. This activity suggests traders expect Chipotle's stock to decline, especially with technical indicators pointing to a potential drop. The market is closely watching how Chipotle's earnings will impact its stock price amid these bearish bets.

Chipotle Mexican Grill, Inc. holds a market cap of $35.41 billion and an enterprise value of $40.15 billion as of Oct 28, 2026, 19:12 WIB. On Pluang, the stock price stands at USD 28.11 with a slight 1-day increase of 0.46%, while trading volume reached 18,167,973 shares. Despite the surge in bearish options activity noted in the news, Pluang order activity shows 100% buy interest at this time.