Investors with a lot of money to spend have taken a bearish stance on Brinker International EAT.
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with EAT, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 8 options trades for Brinker International.
This isn't normal.
The overall sentiment of these big-money traders is split between 12% bullish and 75%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $27,430, and 7, calls, for a total amount of $612,790.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $50.0 to $140.0 for Brinker International over the last 3 months.
Volume & Open Interest Development
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Brinker International's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Brinker International's substantial trades, within a strike price spectrum from $50.0 to $140.0 over the preceding 30 days.
Brinker International 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EAT | CALL | TRADE | BEARISH | 01/17/25 | $79.8 | $78.5 | $78.5 | $50.00 | $314.0K | 173 | 40 |
| EAT | CALL | TRADE | NEUTRAL | 04/17/25 | $9.0 | $8.6 | $8.8 | $140.00 | $132.0K | 205 | 150 |
| EAT | CALL | SWEEP | BEARISH | 04/17/25 | $9.3 | $8.9 | $8.9 | $140.00 | $37.3K | 205 | 587 |
| EAT | CALL | TRADE | BEARISH | 04/17/25 | $9.3 | $9.0 | $9.0 | $140.00 | $36.0K | 205 | 353 |
| EAT | CALL | TRADE | BEARISH | 04/17/25 | $9.2 | $8.8 | $8.8 | $140.00 | $33.4K | 205 | 189 |
About Brinker International
Brinker International Inc operates casual dining restaurants under the brand's Chili Grill and Bar (Chili's) and Maggiano's Little Italy (Maggiano's). Chili's falls in the Bar and Grill category of casual dining. Its menu features Fresh Mex and Fresh Tex favorites including signature items such as slow-smoked baby back ribs, craft burgers, fajitas, and bottomless chips and salsa paired with tableside guacamole. Maggiano's is an Italian restaurant brand with a full lunch and dinner menu offering chef-prepared, such as appetizers, chicken, seafood, veal and prime steaks, and desserts. The company generates maximum revenue from Chili's segment.
Having examined the options trading patterns of Brinker International, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Current Position of Brinker International
- Trading volume stands at 534,586, with EAT's price down by -3.63%, positioned at $125.13.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 51 days.
What The Experts Say On Brinker International
In the last month, 1 experts released ratings on this stock with an average target price of $150.0.
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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. * An analyst from Goldman Sachs has revised its rating downward to Buy, adjusting the price target to $150.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Brinker International with Benzinga Pro for real-time alerts.
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