Chipotle Mexican Grill, Inc. (CMG) IV/HV History
Comparing implied volatility to historical (realized) volatility reveals whether options are priced rich or cheap relative to actual price movement. Persistent gaps can signal trading opportunities.
Chipotle Mexican Grill, Inc. (CMG) operates in the Consumer Cyclical sector, specifically the Restaurants industry, with a market capitalization near $41.21B, listed on NYSE, employing roughly 130,504 people, carrying a beta of 1.03 to the broader market. Chipotle Mexican Grill, Inc. Led by Scott Boatwright, public since 2006-01-26.
Snapshot as of May 15, 2026.
- Spot Price
- $32.66
- ATM IV
- 36.0%
- HV 20-Day
- 34.9%
- HV 60-Day
- 35.7%
- IV Rank
- 32.0%
- IV Percentile
- 49.6%
As of May 15, 2026, Chipotle Mexican Grill, Inc. (CMG) ATM implied volatility is 36.0%. 20-day realized volatility is 34.9%, producing an IV-HV spread of +1.1 vol points. Options are pricing in more volatility than the stock has recently delivered, the volatility risk premium. IV rank is 32.0%.
How CMG iv/hv history Data Feeds Strategy Selection
Strategy selection on Chipotle Mexican Grill, Inc. options does not derive from any single metric in isolation. The iv/hv history view above sits inside a broader read: ATM IV currently sits at 36.0% and dealer gamma exposure is negative, so dealer hedging amplifies directional moves. Combine the iv/hv history data here with the volatility-skew surface, dealer-gamma exposure, max-pain level, and upcoming-events calendar to build a positioning thesis. Risk-defined structures (credit spreads, debit spreads, iron condors) are usually safer than naked positions while the regime is uncertain; the data on this page anchors the inputs but does not by itself constitute a trade thesis.
Learn how implied vs realized volatility is reported and how to read the data →
CMG highest implied-volatility contracts
| Type | Strike | Expiration | Volume | OI | IV | Bid | Ask |
|---|---|---|---|---|---|---|---|
| PUT | $27.50 | Jun 18, 2026 | 1.6K | 62.1K | 42.4% | $0.13 | $0.16 |
Top 1 contracts from the ORATS-sourced nightly scan; ranked by iv within the broader S&P 500/400/600 + ETF universe.
Frequently asked CMG iv/hv history questions
- Is CMG options pricing rich or cheap right now?
- As of May 15, 2026, Chipotle Mexican Grill, Inc. (CMG) ATM IV is 36.0% against 20-day realized volatility of 34.9%. IV rank is 32.0%. CMG options are pricing in more volatility than the stock has recently realized: a positive variance risk premium worth 1.1 vol points.
- What is the CMG variance risk premium?
- The variance risk premium is the persistent gap between implied and subsequently realized volatility. In equity markets it averages positive because option sellers demand compensation for bearing variance shocks. CMG is currently priced consistently with this premium, which is one input to whether short-vol or long-vol structures carry their typical edge.
- What does CMG IV rank mean for strategy selection?
- IV rank normalizes the current ATM IV to its 1-year range: 0% is the low, 100% is the high. CMG's current rank of 32.0% signals where current pricing sits in its own 1-year history. High-rank regimes typically favor premium-selling structures (credit spreads, condors, covered calls); low-rank regimes typically favor premium-buying or long-volatility structures.