Spotlight on Chipotle Mexican Grill: Analyzing the Surge in Options Activity

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 15 trades.

If we consider the specifics of each trade, it is accurate to state that 20% of the investors opened trades with bullish expectations and 73% with bearish.

From the overall spotted trades, 11 are puts, for a total amount of $614,671 and 4, calls, for a total amount of $161,558.

What's The Price Target?

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $25.2 to $65.0 for Chipotle Mexican Grill 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 Chipotle Mexican Grill's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Chipotle Mexican Grill's substantial trades, within a strike price spectrum from $25.2 to $65.0 over the preceding 30 days.

Chipotle Mexican Grill Option Activity Analysis: Last 30 Days

Largest Options Trades Observed:

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.

Following our analysis of the options activities associated with Chipotle Mexican Grill, we pivot to a closer look at the company's own performance.

Current Position of Chipotle Mexican Grill

• Currently trading with a volume of 1,638,788, the CMG's price is down by -0.13%, now at $59.81.
• RSI readings suggest the stock is currently may be oversold.
• Anticipated earnings release is in 32 days.

Professional Analyst Ratings for Chipotle Mexican Grill

In the last month, 5 experts released ratings on this stock with an average target price of $71.2.

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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. * Maintaining their stance, an analyst from Jefferies continues to hold a Hold rating for Chipotle Mexican Grill, targeting a price of $62. * Maintaining their stance, an analyst from Raymond James continues to hold a Outperform rating for Chipotle Mexican Grill, targeting a price of $72. * Maintaining their stance, an analyst from RBC Capital continues to hold a Outperform rating for Chipotle Mexican Grill, targeting a price of $75. * An analyst from Wells Fargo has decided to maintain their Overweight rating on Chipotle Mexican Grill, which currently sits at a price target of $75. * An analyst from Evercore ISI Group persists with their Outperform rating on Chipotle Mexican Grill, maintaining a target price of $72.

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