Core Viewpoint - Chipotle Mexican Grill Inc has authorized an additional $500 million for share buybacks, increasing the total to $750 million, which has positively impacted its stock price, currently trading at $38.94, up 0.9% [1] Group 1: Stock Performance - The stock is on track for its first gain in three sessions after bouncing off a 52-week low of $38.30 on September 11 [1] - Despite the recent uptick, the stock is still down 35.1% year-to-date and is trading below all key short- and long-term moving averages [1] Group 2: Options Activity - There has been significant bullish activity in options trading, with 27,000 calls exchanged, which is double the intraday options volume, compared to 4,686 puts [2] - The most active options contract is the September 40 call, indicating strong interest in upward price movement [2] - The put/call volume ratio of 3.95 over the past 10 weeks suggests a more bullish sentiment than usual, ranking higher than 81% of annual readings [2] Group 3: Options Pricing - Options are currently reasonably priced, with a Schaeffer's Volatility Index (SVI) of 34%, which ranks in the low 23rd percentile of its 12-month range, indicating low volatility expectations among options traders [3]