Chipotle Mexican Grill, Inc. ($CMG) is experiencing notable trading activity as traders are buying April $55 call options, with prices ranging from $0.92 to $1. The options have seen a volume of over 10,000 contracts, indicating strong interest. Following this surge, some traders reported gains of 76% in a single day, with others noting a 50% increase on their investments within 24 hours. However, the stock is currently down approximately 25% from its previous highs. Additionally, technical analysis indicates that Chipotle has formed a 'Death Cross,' characterized by a downward sloping 200-day moving average, marking the first occurrence of this pattern since January 2023.