Chipotle (CMG) Protective Put Calculator
Calculator · free · no signup · CMGPrice a protective put, zero-cost collar, or put spread on Chipotle. Annual cost, max loss, upside cap, tax treatment, auto-filled from current CMG option chain.
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About Chipotle
Chipotle (CMG) is a public Restaurant company, headquartered in Newport Beach, CA.
Equity grants at Chipotle typically include restricted stock units (RSUs).
Chipotle Mexican Grill, Inc., also known simply as Chipotle, is an American multinational chain of fast casual restaurants specializing in bowls, tacos, and Mission burritos made to order in front of the customer. As of December 2025, Chipotle has 4,000 locations. Its name derives from chipotle, the Nahuatl name for a smoked and dried jalapeño chili pepper.
Source: Wikipedia (CC BY-SA 4.0)
Steve Ells opened the first restaurant near the University of Denver in 1993, funded partly by his father, and McDonald's held a majority stake from 1998 until a 2006 separation. The model is unusual for fast casual: no franchising, all company-operated restaurants, ingredients prepared in each kitchen. E. coli and norovirus outbreaks in 2015 cut sales sharply and took years to recover from. Digital ordering and second make-lines for pickup drove the following expansion. Headquarters are in Newport Beach, California.
Sources: chipotle.com · en.wikipedia.org
Equity comp at Chipotle
- RSUs use single-trigger vesting: shares become yours as each portion vests on schedule, and the value is taxed as ordinary income at that point. No IPO or acquisition is required.
Researched 2026-08-17.
OptionsAhoy is an independent tool and is not affiliated with, endorsed by, or sponsored by Chipotle.
A protective put caps your downside on the CMG position at a chosen floor; a zero-cost collar pays for that floor by capping the upside. This calculator prices both structures off the current CMG option chain, with annual cost, max loss, and tax-treatment notes.
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Chipotle equity questions
- How much does it cost to hedge CMG stock?
- The cost of a protective put depends on how far below the current price you set the floor, how long the protection lasts, and CMG's option-implied volatility. A zero-cost collar lowers that cost by selling away some upside. The calculator above prices both structures off the current CMG option chain and shows the annual cost, maximum loss, and tax treatment.
- Does Chipotle grant ISOs, NSOs, or RSUs?
- Equity compensation at Chipotle typically takes the form of restricted stock units (RSUs). Restricted stock units are taxed as ordinary income when they vest.
- Do Chipotle RSUs use double-trigger vesting?
- No. Chipotle restricted stock units (RSUs) use single-trigger vesting: each tranche becomes yours as it vests on schedule, taxed as ordinary income at that point, with no liquidity event required.
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