Chipotle call volume above normal and directionally bullish

Bullish option flow detected in Chipotle with 5,914 calls trading, 1.1x expected, and implied vol increasing over 1 point to 50.92%. 7/10 weekly 36 calls and Sep-26 40 calls are the most active options, with total volume in those strikes near 1,700 contracts. The Put/Call Ratio is 0.15. Earnings are expected on July 29th.