Decoding Chipotle Mexican Grill's Options Activity: What's the Big Picture?

Financial giants have made a conspicuous bullish move on Chipotle Mexican Grill. Our analysis of options history for Chipotle Mexican Grill CMG revealed 49 unusual trades.

Delving into the details, we found 46% of traders were bullish, while 26% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $157,680, and 46 were calls, valued at $4,654,783.

Projected Price Targets

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $1300.0 and $4000.0 for Chipotle Mexican Grill, spanning the last three months.

Insights into Volume & Open Interest

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Chipotle Mexican Grill's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Chipotle Mexican Grill's significant trades, within a strike price range of $1300.0 to $4000.0, over the past month.

Chipotle Mexican Grill Call and Put Volume: 30-Day Overview

Noteworthy Options Activity:

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, although it recently inked a development agreement with Alshaya Group in the Middle East. It had a footprint of nearly 3,440 stores at the end of 2023, heavily indexed to the United States, although it maintains a small presence in Canada, the UK, 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.

After a thorough review of the options trading surrounding Chipotle Mexican Grill, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Present Market Standing of Chipotle Mexican Grill

• With a trading volume of 43,185, the price of CMG is up by 2.43%, reaching $3351.36.
• Current RSI values indicate that the stock is may be approaching overbought.
• Next earnings report is scheduled for 37 days from now.

Professional Analyst Ratings for Chipotle Mexican Grill

In the last month, 5 experts released ratings on this stock with an average target price of $3387.0.

• Maintaining their stance, an analyst from Truist Securities continues to hold a Buy rating for Chipotle Mexican Grill, targeting a price of $3520.
• An analyst from Oppenheimer persists with their Outperform rating on Chipotle Mexican Grill, maintaining a target price of $3485.
• An analyst from Wedbush has revised its rating downward to Neutral, adjusting the price target to $3200.
• In a cautious move, an analyst from Goldman Sachs downgraded its rating to Buy, setting a price target of $3730.
• Maintaining their stance, an analyst from JP Morgan continues to hold a Neutral rating for Chipotle Mexican Grill, targeting a price of $3000.

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.