This Is What Whales Are Betting On Chipotle Mexican Grill

Investors with a lot of money to spend have taken a bullish stance on Chipotle Mexican Grill CMG.

And retail traders should know.

We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with CMG, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 36 uncommon options trades for Chipotle Mexican Grill.

This isn't normal.

The overall sentiment of these big-money traders is split between 63% bullish and 36%, bearish.

Out of all of the special options we uncovered, 12 are puts, for a total amount of $714,054, and 24 are calls, for a total amount of $1,500,887.

Projected Price Targets

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $1715.0 to $4000.0 for Chipotle Mexican Grill over the last 3 months.

Analyzing Volume & Open Interest

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Chipotle Mexican Grill's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Chipotle Mexican Grill's whale trades within a strike price range from $1715.0 to $4000.0 in the last 30 days.

Chipotle Mexican Grill Option Activity Analysis: Last 30 Days

Significant Options Trades Detected:

About Chipotle Mexican Grill

Chipotle Mexican Grill is the largest fast-casual chain restaurant in the United States, with systemwide sales of $9.9 billion in 2023. The Mexican concept is predominately company-owned (it recently inked a development agreement with Alshaya Group in the Middle East), with a footprint of nearly 3,440 stores at the end of 2023, heavily indexed to the United States, although the firm maintains a small presence in Canada, the U.K., France, and Germany. Chipotle sells burritos, burrito bowls, tacos, quesadillas, and beverages, with a selling proposition built around competitive prices, high-quality food sourcing, speed of service, and convenience. The company generates its revenue entirely from restaurant sales and delivery fees.

In light of the recent options history for Chipotle Mexican Grill, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Where Is Chipotle Mexican Grill Standing Right Now?

• Trading volume stands at 59,455, with CMG's price down by 0.0%, positioned at $2756.39.
• RSI indicators show the stock to be may be overbought.
• Earnings announcement expected in 37 days.

What Analysts Are Saying About Chipotle Mexican Grill

In the last month, 1 experts released ratings on this stock with an average target price of $9.0.

• An analyst from Barclays has decided to maintain their Underweight rating on Chipotle Mexican Grill, which currently sits at a price target of $9.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Chipotle Mexican Grill with Benzinga Pro for real-time alerts.