Chipotle Mexican Grill Unusual Options Activity For December 27

Investors with significant funds have taken a bullish position in Chipotle Mexican Grill CMG, a development that retail traders should be aware of.

This was brought to our attention today through our monitoring of publicly accessible options data at Benzinga. The exact nature of these investors remains a mystery, but such a major move in CMG usually indicates foreknowledge of upcoming events.

Today, Benzinga's options scanner identified 8 options transactions for Chipotle Mexican Grill. This is an unusual occurrence. The sentiment among these large-scale traders is mixed, with 87% being bullish and 0% bearish. Of all the options we discovered, 7 are puts, valued at $427,405, and there was a single call, worth $210,000.

Projected Price Targets

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $64.0 to $74.0 for Chipotle Mexican Grill over the last 3 months.

Analyzing Volume & Open Interest

In today's trading context, the average open interest for options of Chipotle Mexican Grill stands at 2187.25, with a total volume reaching 1,549.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Chipotle Mexican Grill, situated within the strike price corridor from $64.0 to $74.0, throughout the last 30 days.

Chipotle Mexican Grill 30-Day Option Volume & Interest Snapshot

Significant Options Trades Detected:

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 almost exclusively company-owned, with just two license stores opearted through a master franchise relationship 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

• Trading volume stands at 511,085, with CMG's price down by -1.41%, positioned at $60.6.
• RSI indicators show the stock to be is currently neutral between overbought and oversold.
• Earnings announcement expected in 39 days.

What Analysts Are Saying About Chipotle Mexican Grill

A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $71.2.

Unusual Options Activity Detected: Smart Money on the Move

Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * Consistent in their evaluation, an analyst from Wells Fargo keeps a Overweight rating on Chipotle Mexican Grill with a target price of $75. * Maintaining their stance, an analyst from Jefferies continues to hold a Hold rating for Chipotle Mexican Grill, targeting a price of $62. * An analyst from Raymond James persists with their Outperform rating on Chipotle Mexican Grill, maintaining a target price of $72. * An analyst from Evercore ISI Group has decided to maintain their Outperform rating on Chipotle Mexican Grill, which currently sits at a price target of $72. * Consistent in their evaluation, an analyst from RBC Capital keeps a Outperform rating on Chipotle Mexican Grill with a target price of $75.

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.