Investors with significant funds have taken a bearish position in Shake Shack SHAK, 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 SHAK usually indicates foreknowledge of upcoming events.
Today, Benzinga's options scanner identified 8 options transactions for Shake Shack. This is an unusual occurrence. The sentiment among these large-scale traders is mixed, with 0% being bullish and 75% bearish. Of all the options we discovered, 7 are puts, valued at $497,423, and there was a single call, worth $36,450.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $90.0 to $130.0 for Shake Shack over the last 3 months.
Volume & Open Interest Trends
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 Shake Shack'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 Shake Shack's whale activity within a strike price range from $90.0 to $130.0 in the last 30 days.
Shake Shack Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|---|---|---|
SHAK | PUT | TRADE | BEARISH | 01/17/25 | $4.8 | $3.9 | $4.7 | $127.00 | $95.8K | 618 | 408 |
SHAK | PUT | TRADE | BEARISH | 01/17/25 | $4.9 | $3.9 | $4.58 | $127.00 | $93.4K | 618 | 612 |
SHAK | PUT | TRADE | BEARISH | 01/17/25 | $4.8 | $3.9 | $4.5 | $127.00 | $91.8K | 618 | 204 |
SHAK | PUT | TRADE | NEUTRAL | 01/17/25 | $4.1 | $3.6 | $3.88 | $127.00 | $77.6K | 618 | 843 |
SHAK | PUT | TRADE | BEARISH | 01/17/25 | $4.1 | $3.6 | $3.99 | $127.00 | $67.4K | 618 | 843 |
About Shake Shack
Shake Shack Inc is a roadside burger stand. It is serving a classic American menu of premium burgers, hot dogs, crispy chicken, frozen custard, crinkle-cut fries, shakes, beer, wine and more. The company's burgers are made with a whole-muscle blend of all-natural, hormone and antibiotic-free Angus beef, ground fresh daily, cooked to order and served on a non-genetically modified organism (GMO) potato bun. Its menu focuses on food and beverages, crafted from a range of classic American foods. The company serves draft Root Beer, seasonal freshly-squeezed lemonade, organic fresh brewed iced tea, cold brew coffee, organic apple juice, and Shack20 bottled water.
Following our analysis of the options activities associated with Shake Shack, we pivot to a closer look at the company's own performance.
Shake Shack's Current Market Status
- Trading volume stands at 679,542, with SHAK's price down by -2.96%, positioned at $128.88.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 34 days.
Professional Analyst Ratings for Shake Shack
5 market experts have recently issued ratings for this stock, with a consensus target price of $145.2.
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. * Consistent in their evaluation, an analyst from UBS keeps a Neutral rating on Shake Shack with a target price of $140. * An analyst from Oppenheimer persists with their Outperform rating on Shake Shack, maintaining a target price of $155. * Showing optimism, an analyst from Gordon Haskett upgrades its rating to Buy with a revised price target of $154. * Maintaining their stance, an analyst from Truist Securities continues to hold a Buy rating for Shake Shack, targeting a price of $149. * An analyst from Stifel persists with their Hold rating on Shake Shack, maintaining a target price of $128.
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 Shake Shack options trades with real-time alerts from Benzinga Pro.
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.