Traders are betting big against this restaurant giant into earnings

Taco-bout bearish. There are a lot of big earnings after today's close, including Microsoft, Google, T-Mobile and Ford. But it's one fast food giant that apparently has options traders most worried: Chipotle. Options trading exploded in Chipotle Tuesday on volume more than eight times its monthly average and skewed heavily towards puts, with 240,000 puts trading versus under 17,000 calls. Of the $8 million in put premiums, at least $2 million of it came from someone buying back 56,000 25-strike puts for Nov. 6 expiry that they had likely sold, while simultaneously selling the same number of 22.