Consumer Discretionary Consumer Reference Data Updated 2026-05-31

CMG Gamma Exposure, IV Rank & Implied Volatility

Chipotle Mexican Grill (CMG) options data — GEX, IV rank, options chain & Greeks

CMG options trade with implied volatility typically in the 22% - 45% range, averaging N/A in daily volume with very good liquidity. Next earnings: See earnings calendar. Weekly options and LEAPS are available.

IV Rank 70.2 /100
IV 59.1%
Simulated data for display · open live CMG on the platform →

An IV rank near 70.2 (the value shown here is illustrative) would mean implied volatility is in roughly the 70.2th percentile of its 1-year range — elevated, premium-selling regime for credit spreads, iron condors, and short strangles. For today's live CMG IV rank from ORATS, open the dashboard.

IV History (Simulated · Illustrative Only) Range 34.37%86.31%

Chart shows simulated data for display purposes. View the real CMG IV history on the live platform →

Comprehensive options market data for Chipotle Mexican Grill (CMG).

CMG Options at a Glance

Daily Volume: N/A
Bid-Ask Spread: N/A
Open Interest: N/A
IV Range: 22% - 45%
Expirations: Weekly, Monthly, LEAPS
Next Earnings: See earnings calendar
Liquidity
Very Good
IV Range
22% - 45%
Weeklies
Yes

1 About Chipotle Mexican Grill (CMG)

Chipotle Mexican Grill (CMG) is a restaurants company listed on NYSE.

Company Profile

Sector Consumer Discretionary
Industry Restaurants
Market Cap See live data
Exchange NYSE

Key Dates

Next Earnings See earnings calendar
Earnings Frequency Quarterly
Dividend Schedule See company page
Fiscal Year End December

Chipotle Mexican Grill is a Restaurants) company in the Consumer Discretionary sector.

2 CMG Options Market Overview

CMG options provide trading opportunities for options traders.

Average Daily Volume N/A
Total Open Interest N/A
Put/Call Ratio N/A
Typical ATM Spread N/A
Weekly Options Available
LEAPS Available Yes

Liquidity Assessment: Very Good

CMG options provide trading opportunities across multiple expirations.

3 CMG Implied Volatility & IV Rank

CMG implied volatility patterns reflect the restaurants sector dynamics.

Low IV Environment
22% - 27%
Below average volatility
Typical IV Range
27% - 39%
Normal conditions
Elevated IV
39% - 45%
Above average volatility

Earnings Impact

IV typically expands before earnings and contracts after the announcement.

The post-earnings volatility drop is known as IV crush. Holders of short CMG options should also understand early assignment risk around dividends and expiration.

Historical Volatility vs IV

CMG IV generally trades near historical volatility, with premiums expanding around earnings.

Term Structure

Typically upward sloping under normal conditions.

View CMG Volatility Lab

CMG Gamma Exposure (GEX)

Gamma Exposure analysis for CMG reveals dealer hedging dynamics at key strike levels.

Typical GEX Profile: CMG tends to operate in a positive gamma environment during normal conditions.

Key Levels:

Dealer Hedging:

View Live CMG GEX

4 Common CMG Options Strategies

These are strategies commonly used by traders on CMG options, based on typical market characteristics. This is not investment advice.

Popular for CMG shareholders seeking additional income.

Vertical Spreads Directional

Defined-risk directional exposure on CMG.

Range-bound strategy for CMG between events.

Key Considerations for CMG Options

  • Monitor CMG earnings dates for IV expansion/contraction patterns
  • Consider the stock's beta when sizing options positions
  • CMG options liquidity varies by expiration - prefer near-term and monthly expirations

Frequently Asked Questions: CMG Options

What is CMG's typical implied volatility?

CMG implied volatility typically ranges from 22% - 45%. IV patterns are influenced by earnings, sector events, and market conditions.

Does CMG have weekly options?

Yes, CMG offers weekly options expirations.

What is CMG's options trading profile?

CMG (Chipotle Mexican Grill) options trade with very good liquidity, averaging N/A in daily volume, typical bid-ask spreads of N/A. Implied volatility typically falls in the 22% - 45% range. The position sits in the Consumer Discretionary category for portfolio diversification and options strategy design.

How does CMG implied volatility behave around earnings?

IV typically expands before earnings and contracts after the announcement. Next scheduled earnings: See earnings calendar. Traders often size short premium positions for the post-earnings IV crush, while long premium buyers should be aware that the IV decline can outweigh small directional moves.

What options strategies work well on CMG?

Popular strategies on CMG options include Covered Calls, Vertical Spreads, Iron Condors. Strategy selection depends on the current IV environment versus the 22% - 45% typical range, days to next earnings, and the trader's directional outlook. Higher IV regimes favour premium-selling strategies; lower IV regimes favour directional debit spreads or long premium plays.

What is CMG's gamma exposure (GEX)?

Gamma exposure (GEX) measures how options dealers' hedging of their net gamma position can influence CMG's intraday price action. CMG tends to operate in a positive gamma environment during normal conditions. Positive GEX tends to dampen volatility and create mean-reverting moves, while negative GEX can amplify swings. View live CMG GEX levels and the gamma-flip point on ApexVol.

What is CMG's IV rank?

CMG's IV rank shows where CMG's current implied volatility sits within its trailing 1-year range, scored 0–100. A reading near 100 means IV is near its yearly high — options are relatively expensive, which favors premium-selling strategies like credit spreads and iron condors. A reading near 0 means IV is near its yearly low, favoring premium-buying. CMG implied volatility typically ranges from 22% - 45%. Check CMG's live IV rank and percentile on ApexVol's IV analytics.

CMG Key Events

Earnings Months
January April July October

Related Tickers

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Written by
ApexVol Research Team
Quantitative options research
All calculations use live ORATS institutional data — the same source used by professional volatility desks.
RS
Technical reviewer
Ryan Silk, ApexVol Founder
Reviewed for technical accuracy
10+ years trading options. Built ApexVol's pricing engine, Greeks model, and IV-rank methodology.
This guide is updated as market conditions and ORATS data change. Last revised 2026-05-31. How we research →

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