Whales with a lot of money to spend have taken a noticeably bearish stance on Chipotle Mexican Grill.
Looking at options history for Chipotle Mexican Grill CMG we detected 37 trades.
If we consider the specifics of each trade, it is accurate to state that 35% of the investors opened trades with bullish expectations and 48% with bearish.
From the overall spotted trades, 18 are puts, for a total amount of $1,518,901 and 19, calls, for a total amount of $1,413,117.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $35.0 and $67.2 for Chipotle Mexican Grill, spanning the last three months.
Insights into Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
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 activity within a strike price range from $35.0 to $67.2 in the last 30 days.
Chipotle Mexican Grill Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CMG | PUT | SWEEP | BULLISH | 01/17/25 | $2.65 | $2.6 | $2.65 | $52.00 | $391.9K | 6.9K | 101 |
| CMG | CALL | SWEEP | BEARISH | 12/18/26 | $14.5 | $13.6 | $13.61 | $60.00 | $326.6K | 275 | 4 |
| CMG | PUT | SWEEP | BEARISH | 03/21/25 | $8.5 | $8.2 | $8.4 | $63.00 | $189.0K | 91 | 2 |
| CMG | PUT | SWEEP | BEARISH | 03/21/25 | $9.3 | $9.1 | $9.3 | $64.00 | $147.8K | 734 | 0 |
| CMG | PUT | SWEEP | BEARISH | 01/17/25 | $9.5 | $9.2 | $9.4 | $65.00 | $143.8K | 839 | 0 |
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.
Chipotle Mexican Grill's Current Market Status
- Currently trading with a volume of 7,671,891, the CMG's price is up by 0.31%, now at $57.73.
- RSI readings suggest the stock is currently may be approaching oversold.
- Anticipated earnings release is in 12 days.
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 Chipotle Mexican Grill options trades with real-time alerts from Benzinga Pro.
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