Investors are lining up for Shake Shack.
Shares of the burger chain are up 12 percent in the last week as investors await the company's earnings report Thursday after the bell. The stock has been a Wall Street whirlwind since its late January 2015 IPO, initially surging more than 100 percent to $96.75 a share, only to fall nearly 50 percent to its current price of around $49. And some traders are betting on even more volatility following its results.
"The options market is expecting a move of about 9 percent between [Thursday] and Friday," Mike Khouw told CNBC's "Fast Money" on Wednesday. Khouw noted that the implied move this quarter is nearly double the average since the IPO.