Financial giants have made a conspicuous bearish move on Chipotle Mexican Grill. Our analysis of options history for Chipotle Mexican Grill CMG revealed 39 unusual trades.
Delving into the details, we found 41% of traders were bullish, while 58% showed bearish tendencies. Out of all the trades we spotted, 15 were puts, with a value of $1,354,600, and 24 were calls, valued at $1,549,720.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $900.0 to $3750.0 for Chipotle Mexican Grill over the last 3 months.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for Chipotle Mexican Grill options trades today is 84.56 with a total volume of 1,030.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Chipotle Mexican Grill's big money trades within a strike price range of $900.0 to $3750.0 over the last 30 days.
Chipotle Mexican Grill Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| CMG | PUT | TRADE | NEUTRAL | 01/16/26 | $2950.00 | $355.0K | 0 | 10 |
| CMG | CALL | TRADE | BEARISH | 04/05/24 | $2600.00 | $290.0K | 4 | 0 |
| CMG | PUT | SWEEP | BEARISH | 06/20/25 | $2800.00 | $261.8K | 31 | 11 |
| CMG | CALL | TRADE | BEARISH | 06/20/25 | $900.00 | $207.1K | 2 | 1 |
| CMG | CALL | TRADE | NEUTRAL | 06/20/25 | $1000.00 | $197.4K | 1 | 1 |
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.
Chipotle Mexican Grill's Current Market Status
- With a volume of 161,935, the price of CMG is up 0.21% at $2888.0.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 30 days.
Professional Analyst Ratings for Chipotle Mexican Grill
2 market experts have recently issued ratings for this stock, with a consensus target price of $3075.0.
- An analyst from Wedbush persists with their Neutral rating on Chipotle Mexican Grill, maintaining a target price of $2850.
- An analyst from Deutsche Bank has decided to maintain their Buy rating on Chipotle Mexican Grill, which currently sits at a price target of $3300.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Chipotle Mexican Grill, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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