Financial giants have made a conspicuous bearish move on Cava Group. Our analysis of options history for Cava Group CAVA revealed 11 unusual trades.
Delving into the details, we found 27% of traders were bullish, while 54% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $108,010, and 8 were calls, valued at $433,771.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $40.0 to $140.0 for Cava Group during the past quarter.
Volume & Open Interest Development
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Cava Group's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Cava Group's significant trades, within a strike price range of $40.0 to $140.0, over the past month.
Cava Group 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CAVA | CALL | SWEEP | BEARISH | 07/19/24 | $28.0 | $24.9 | $26.12 | $65.00 | $128.4K | 698 | 60 |
| CAVA | CALL | TRADE | BULLISH | 01/17/25 | $5.4 | $5.2 | $5.4 | $140.00 | $75.6K | 20 | 0 |
| CAVA | CALL | TRADE | NEUTRAL | 01/16/26 | $57.7 | $54.5 | $56.2 | $40.00 | $56.2K | 414 | 0 |
| CAVA | PUT | SWEEP | BEARISH | 01/16/26 | $30.3 | $27.5 | $27.5 | $100.00 | $54.8K | 7 | 20 |
| CAVA | CALL | SWEEP | BEARISH | 06/21/24 | $16.6 | $14.9 | $14.9 | $75.00 | $44.7K | 605 | 30 |
About Cava Group
Cava Group Inc owns and operates a chain of restaurants. It is the category-defining Mediterranean fast-casual restaurant brand, bringing together healthful food and bold, satisfying flavors at scale. The company's dips, spreads, and dressings are centrally produced and sold in grocery stores. The company's operations are conducted as two reportable segments: CAVA and Zoes Kitchen. The company generates the majority of its revenue from the CAVA segment.
Following our analysis of the options activities associated with Cava Group, we pivot to a closer look at the company's own performance.
Present Market Standing of Cava Group
- Currently trading with a volume of 965,910, the CAVA's price is down by -2.38%, now at $90.34.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 71 days.
Expert Opinions on Cava Group
5 market experts have recently issued ratings for this stock, with a consensus target price of $85.4.
- An analyst from Barclays has decided to maintain their Equal-Weight rating on Cava Group, which currently sits at a price target of $72.
- An analyst from Stifel has decided to maintain their Buy rating on Cava Group, which currently sits at a price target of $90.
- Consistent in their evaluation, an analyst from Wedbush keeps a Outperform rating on Cava Group with a target price of $90.
- An analyst from Citigroup persists with their Neutral rating on Cava Group, maintaining a target price of $81.
- Consistent in their evaluation, an analyst from Jefferies keeps a Buy rating on Cava Group with a target price of $94.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Cava Group options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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