CMG
Chipotle Mexican GrillPrices and gamma are point-in-time snapshots taken at the time shown. Dealer positioning is an assumption, not an observable: open interest shows that a contract exists, never which side a dealer holds. How dealer gamma is computed.
LIVE MARKET SNAPSHOT
| Call Wall | 35 |
| Put Wall | 32.5 |
| GEX Flip | 34.8 |
| Vol Trigger | 34.4 |
| Net GEX | -$4.3M |
Cached snapshot as of 2026-09-16 09:09 UTC, live streaming data in the terminal.
CMG DEALER GAMMA BY STRIKE
Part of the SquawkFlow GEX Calculator: gamma by strike for any US stock. Compare with SPX GEX.
Net gamma exposure at each strike near CMG's spot price, signed from the dealer perspective, calls positive, puts negative. Green strikes are where hedging tends to dampen moves; red is where it tends to amplify them. Dealer positioning is an assumption rather than an observable, so treat these as a map of where hedging pressure concentrates, not a forecast.
Unit: USD of dealer gamma per 1 percent move in spot. A window of the CMG option chain, not the whole book: the 30 strikes nearest spot out of 80 seen, 702 contract rows spanning 14 expirations. Gamma is taken as the chain publishes it per contract; nothing here is re-priced. Crossed with the open interest carried on that chain.
New to these levels? Start with the call wall and put wall, or the zero gamma level where the sign of dealer hedging flips.
| Strike | Net GEX | Call GEX | Put GEX | Concentration |
|---|---|---|---|---|
| 31.2 | $18.3K | $18.3K | $0 | |
| 31.5 | $0 | $0 | $0 | |
| 31.6 | -$49.6K | $15.9K | -$65.5K | |
| 32 | -$161.0K | $117 | -$161.1K | |
| 32.4 | -$28.8K | $26.0K | -$54.9K | |
| 32.5PUT WALL | -$1.2M | $1.9M | -$3.1M | |
| 32.8 | -$48.1K | $0 | -$48.1K | |
| 33 | -$73.0K | $20.1K | -$93.1K | |
| 33.2 | -$68.1K | $0 | -$68.1K | |
| 33.5 | -$88.6K | $7.7K | -$96.2K | |
| 33.6 | -$15.7K | $0 | -$15.7K | |
| 34 | -$475.6K | $107.2K | -$582.8K | |
| 34.4 | $13.1K | $13.1K | $0 | |
| 34.5 | $408.7K | $570.3K | -$161.6K | |
| 34.8SPOTGEX FLIP | -$50.9K | $0 | -$50.9K | |
| 35CALL WALL | -$2.5M | $5.1M | -$7.6M | |
| 35.2 | $26.4K | $58.8K | -$32.4K | |
| 35.5 | -$1.0M | $21.4K | -$1.1M | |
| 35.6 | $48.1K | $90.1K | -$42.0K | |
| 36 | -$257.4K | $480.8K | -$738.1K | |
| 36.4 | -$19.6K | $0 | -$19.6K | |
| 36.5 | -$5.4K | $94.5K | -$100.0K | |
| 36.8 | $61.4K | $61.4K | $0 | |
| 37 | $230.4K | $337.8K | -$107.4K | |
| 37.2 | $23.1K | $23.1K | $0 | |
| 37.5 | -$138.5K | $1.2M | -$1.3M | |
| 37.6 | $9.2K | $24.4K | -$15.1K | |
| 38 | $562.6K | $631.6K | -$68.9K | |
| 38.4 | $0 | $0 | $0 | |
| 38.5 | $505.0K | $505.3K | -$263 |
These levels were captured September 16, 2026 from the open interest carried on the option chain. New levels post before each market open. Today's SPX gamma levels.
ABOUT CMG
Chipotle is a fast-casual restaurant chain specializing in burritos, bowls, tacos, and salads made with responsibly sourced ingredients. The company operates over 3,500 company-owned restaurants (no franchising) and has driven consistent same-store sales growth through digital ordering, Chipotlane drive-throughs, and menu innovation.
WHY TRACK CMG ON SQUAWKFLOW
CMG options flow is the premium fast-casual restaurant indicator. With high-conviction institutional ownership and significant post-earnings moves, CMG options carry substantial gamma and signal sentiment on restaurant traffic and pricing power.
CMG DATA ON SQUAWKFLOW
Options Flow
CMG options flow, unusual activity, and volume concentrations from the session chain
Latest Snapshot
Last CMG price, change, volume, and the current dealer-gamma regime
GEX Dashboard
CMG gamma exposure levels, call/put walls, and GEX flip
AI Narration
AI-powered analysis of CMG market microstructure in real time
News Sentiment
CMG news with AI sentiment scoring and impact analysis
Sector Context
Consumer sector rotation and relative strength vs peers
Track CMG in the Terminal
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A practical guide to reading dealer positioning data and understanding how market maker flows affect price action.
What is Gamma Exposure (GEX)? A Complete GuideUnderstanding gamma exposure and how dealer hedging creates support and resistance levels in the market.