Options volume in Chipotle surged Tuesday to more than eight times its monthly average, skewed heavily toward puts: 240,000 puts traded versus under 17,000 calls. Of the $8 million in put premiums, at least $2 million came from a trader buying back 56,000 25-strike puts expiring in November while selling the same number of 22.5-strike puts expiring mid-December, which the article says may signal weakening confidence. A separate trader bought 7,500 28-strike puts expiring Nov. 20 for $1.1 million, a bet that the stock must fall another 5% over the next 3.5 weeks. Jason DeLorenzo of Volland said customers generally look bearish, and noted the implied move before earnings is the lowest since July 2025, when the stock got crushed.
Summary written by Upside AI from the original article. Read the source for full details.
Keywords
Open a keyword to see other news on the same topic.
Related news
- Here's What History Says Q4 Will Bring for Chipotle (CMG) Stock
Chipotle shares have fallen 18% in 2026 as of Oct. 14 and sit 56% below their June 2024 record, and the article notes that fourth-quarter stock performance this decade has been mixed, with declines in 2021, 2022, 2024 and 2025 but gains of 12% in 2020 and 25% in 2023. Pressures include a rare 1.7% decline in same-store sales in 2025, a recovery to 0.5% in Q1 and 2.2% in Q2 this year, and a unit-level operating margin of 25.2%, down 220 basis points amid labor and food inflation. Valuation has become more attractive, with a P/E ratio of 28.2 near a 10-year low, and the company is still expanding with 4,186 company-owned stores and 350 to 370 net new openings planned this year. However, consensus expects EPS to grow just 8.6% a year from 2025 to 2028, versus 21.2% a year over the previous three years, and the article says investors should temper their expectations.
- Chipotle faces near-term sales pressures but UBS sees stronger growth in 2027
UBS expects Chipotle Mexican Grill (CMG) to report broadly in-line third-quarter sales on October 28, with same-store sales growth of 1.5% against a 1.3% consensus. However, Second Measure data suggests trading weakened at the start of the fourth quarter, and UBS forecasts 1.4% same-store sales growth for 2026, below the 1.8% consensus. Third-quarter restaurant-level margin is forecast at 23.6%, down 90 basis points year on year and below the 23.8% consensus. UBS expects 2027 same-store sales growth of 2.6% and a 24.0% margin, though the margin remains below the 24.4% consensus, supported by menu and marketing initiatives.
- Here's what options traders see before Alphabet, Microsoft report after the bell
Market-makers are pricing a 5.8% move for Alphabet stock after its report, versus under 5% for Microsoft, according to Cboe LiveVol data. Alphabet's implied move is more than double its 2.7% average reaction over two years, while Microsoft's is below its 6% average. Alphabet is about 20% off its May closing high, while Microsoft is less than 1% below its record close earlier this month. The put-to-call ratio has been rising on both stocks, with Microsoft at 0.59, up from 0.43 in June, and Alphabet at 0.72, its highest since August. SpotGamma data show a single trader bought about $18.5 million of 360-strike January calls in Alphabet.
- Here's How Much Traders Expect Amazon Stock to Move After Earnings
- Robinhood quarterly revenue rises 12% as event contracts, options offset crypto slump
Robinhood's third-quarter revenue rose 12% year over year to $1.42 billion, in line with expectations, as growth in options, event contracts and other financial services offset a slump in crypto. Earnings per share were 51 cents. Transaction revenue grew 19% to $867 million, with event contracts revenue up more than 500%, options up 31% to $399 million and equities up 41% to $121 million. Cryptocurrency revenue fell 55% to $120 million, and shares dropped 3% in after-hours trading because total transaction revenue still fell short of StreetAccount estimates. Net deposits reached $15.7 billion in the quarter, equal to a 17% annualized growth rate.
- Here’s How Much Traders See Google Parent Alphabet’s Stock Moving After Earnings
Related markets
Latest news
- Microsoft might be the 'adult in the room' when it comes AI. Here's why.
Ahead of earnings from Microsoft (MSFT) and Alphabet (GOOG, GOOGL), Laffer Tengler Investments CEO and CIO Nancy Tengler and a panel say Microsoft could currently lead in AI thanks to its ecosystem of AI-powered software. The panel includes Christine Short of TMX Wall Street Horizon, Anna Rathbun of Grenadilla Advisory, Ken Mahoney of Mahoney Asset Management and Mark Malek of Siebert Financial.
- Vietcombank, BIDV and VietinBank Included in State Capital Restructuring Plan
Under Decision No. 2054/QĐ-TTg dated 27/10/2026, Vietcombank (VCB), BIDV (BID) and VietinBank (CTG) are on the list of companies undergoing state capital restructuring for 2026-2030. The plan targets keeping state ownership at Vietcombank and BIDV at 65% or above, while raising state ownership at VietinBank from 64.46% to 65% by 2030. The State currently holds about 74.8% of Vietcombank and 76.73% of BIDV. These are plan targets and do not mean immediate share sales or new share issuance; timing and form will be decided by competent authorities. The Ministry of Finance and the State Bank of Vietnam are tasked with implementation, and Vietnam Airlines (HVN), VIMC (MVN) and Vietnam Rubber Industry Group (GVR) are also on the list.
- Steve Eisman Says Anthropic Left Q3 Figures Out of IPO Filing on Purpose: 'Very Intentional'
Steve Eisman accused Anthropic of deliberately leaving third-quarter financial figures out of its IPO prospectus, arguing that newer numbers could reveal a sharp slowdown in growth. He made the remarks on Prof G Markets on Wednesday.
- Applied Digital Insiders Just Bought More Shares. Should You Join Them?
Applied Digital’s CEO and president combined to buy $6.7 million of shares on Oct. 16, as the stock fell more than 30% over the past month. The company builds AI data centers, and CoreWeave is among its largest customers under 15-year leases worth up to $11 billion in revenue for 400 megawatts, or $1.83 million per megawatt annually. Revenue rose 322% year over year to $341.9 million in its fiscal 2027 first quarter, though the company remains unprofitable as costs climb. The author argues the colocation model and long-term, low-value contracts limit Applied Digital compared with Nebius, which signs short-term deals at $40 million to $50 million per megawatt a year. The author concludes the stock looks oversold, but pure neoclouds are a better way to approach the opportunity.
- Microsoft earnings live: Microsoft to report Q1 earnings with Wall Street looking for further Azure growth
Microsoft (MSFT) will report first-quarter earnings after the bell on Wednesday, the first report under its new segments, Agents and Infra and Devices and Consumer. Bloomberg analyst consensus expects EPS of $4.27 on revenue of $90.6 billion, versus EPS of $4.13 and revenue of $77.6 billion in the same period last year. Agents and Infra revenue is expected to rise 22.5% to $75.6 billion, with Azure and Microsoft 365 expected to bring in $32.2 billion and $27.4 billion, respectively, while Devices and Consumer sales are projected to fall 6% to $15 billion. Capital expenditures, including leases, are expected to top $45.9 billion, up from $19.3 billion a year earlier, and remaining performance obligations are expected at $705.6 billion, up 77% from $389 billion. Investors will be watching Azure and Copilot growth as Microsoft pushes its AI services.
- Amazon's EPS Is "Absolutely Exploding," Says Josh Brown. Here's What the Stock Needs to See October 29
Amazon (AMZN) reports third-quarter results after the close on Thursday, October 29, with its forward P/E at 28x, near a five-year low and well below its five-year average of 49x. Normalized EPS rose from $2.90 in 2023 to $7.17 in 2025, and analysts expect $13.37 in 2028. The stock has lagged this earnings growth amid concerns over AI infrastructure spending: Amazon expects about $220 billion of capex this year, free cash flow was a $7.6 billion outflow over the 12 months to June 30, and long-term debt doubled to $128.9 billion in the first half of 2026. The article says the report needs to show AWS growth near Q2's 37% (up from 17% a year earlier), an AWS operating margin holding near 39.4%, and operating income at or above its $22.5 billion to $26.5 billion guidance.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.