Chipotle Mexican Grill (CMG) Looks Over Extended

Chipotle Mexican Grill (CMG) is up roughly 180% in 2010.  Earnings have come and gone and won't be up until another two months.  
 
Spying over to the options market I see $300 strike calls with lots of juicy premium.  I would think it's a decent bet to say CMG won't rise above $300 by January, or even March.           

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