Deep-pocketed investors have adopted a bearish approach towards Chipotle Mexican Grill CMG, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in CMG usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 34 extraordinary options activities for Chipotle Mexican Grill. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 35% leaning bullish and 50% bearish. Among these notable options, 14 are puts, totaling $1,104,505, and 20 are calls, amounting to $808,632.
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 $39.6 and $90.0 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 $39.6 to $90.0 in the last 30 days.
Chipotle Mexican Grill Option Volume And Open Interest Over 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CMG | PUT | SWEEP | BULLISH | 01/16/26 | $18.8 | $18.5 | $18.5 | $78.00 | $381.1K | 3 | 300 |
| CMG | PUT | SWEEP | BULLISH | 01/16/26 | $18.8 | $18.6 | $18.6 | $78.00 | $172.9K | 3 | 94 |
| CMG | PUT | SWEEP | BEARISH | 11/15/24 | $2.3 | $2.25 | $2.3 | $60.00 | $115.0K | 5.9K | 1.0K |
| CMG | PUT | TRADE | BULLISH | 06/20/25 | $5.2 | $3.0 | $3.0 | $53.00 | $90.0K | 3.3K | 0 |
| CMG | CALL | SWEEP | BULLISH | 01/16/26 | $5.3 | $5.0 | $5.23 | $75.00 | $82.9K | 482 | 159 |
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 7,822,788, the CMG's price is up by 2.51%, now at $60.93.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 1 days.
Expert Opinions on Chipotle Mexican Grill
In the last month, 5 experts released ratings on this stock with an average target price of $67.2.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * In a cautious move, an analyst from Oppenheimer downgraded its rating to Outperform, setting a price target of $65. * Consistent in their evaluation, an analyst from Citigroup keeps a Buy rating on Chipotle Mexican Grill with a target price of $71. * Maintaining their stance, an analyst from Truist Securities continues to hold a Buy rating for Chipotle Mexican Grill, targeting a price of $71. * Consistent in their evaluation, an analyst from Evercore ISI Group keeps a Outperform rating on Chipotle Mexican Grill with a target price of $70. * Maintaining their stance, an analyst from Piper Sandler continues to hold a Neutral rating for Chipotle Mexican Grill, targeting a price of $59.
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.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
