High-rolling investors have positioned themselves bearish on Cava Group CAVA, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in CAVA often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 8 options trades for Cava Group. This is not a typical pattern.
The sentiment among these major traders is split, with 37% bullish and 50% bearish. Among all the options we identified, there was one put, amounting to $27,885, and 7 calls, totaling $277,091.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $50.0 to $110.0 for Cava Group during the past quarter.
Analyzing Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Cava Group's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Cava Group's substantial trades, within a strike price spectrum from $50.0 to $110.0 over the preceding 30 days.
Cava Group Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CAVA | CALL | TRADE | BEARISH | 01/16/26 | $38.8 | $37.6 | $37.6 | $60.00 | $56.4K | 663 | 0 |
| CAVA | CALL | TRADE | BULLISH | 01/16/26 | $44.9 | $44.4 | $44.9 | $50.00 | $44.9K | 208 | 0 |
| CAVA | CALL | SWEEP | BEARISH | 10/18/24 | $12.0 | $11.7 | $11.7 | $85.00 | $42.1K | 483 | 52 |
| CAVA | CALL | SWEEP | BULLISH | 07/26/24 | $4.3 | $4.1 | $4.2 | $85.00 | $37.8K | 185 | 338 |
| CAVA | CALL | TRADE | BEARISH | 07/26/24 | $4.0 | $3.9 | $3.9 | $85.00 | $37.0K | 185 | 147 |
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.
After a thorough review of the options trading surrounding Cava Group, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Present Market Standing of Cava Group
- With a trading volume of 990,333, the price of CAVA is up by 2.08%, reaching $86.0.
- Current RSI values indicate that the stock is may be approaching oversold.
- Next earnings report is scheduled for 29 days from now.
What Analysts Are Saying About Cava Group
1 market experts have recently issued ratings for this stock, with a consensus target price of $100.0.
- An analyst from Wedbush has decided to maintain their Outperform rating on Cava Group, which currently sits at a price target of $100.
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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