NYSE:CMG CHIPOTLE MEXICAN GRILL INC
Sentiment is awful, there's no info for another month, and the chart looks disastrous. Appears like a perfect set-up for a contrarian trade. We're watching Jun 600 calls, but we're not touching them until the tests the 470-472 level. With IV at a new 52 week high today, the calls are just too expensive and there's still room for another ~$20 lower in the charts.
Comment: $CMG losses key support at $472. 400 next level.