Chipotle Mexican Grill Unusual Options Activity For January 15

Investors with a lot of money to spend have taken a bullish stance on Chipotle Mexican Grill CMG.

And retail traders should know.

We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with CMG, it often means somebody knows something is about to happen.

Today, Benzinga's options scanner spotted 10 options trades for Chipotle Mexican Grill.

This isn't normal.

The overall sentiment of these big-money traders is split between 50% bullish and 40%, bearish.

Out of all of the options we uncovered, 9 are puts, for a total amount of $526,802, and there was 1 call, for a total amount of $31,200.

Expected Price Movements

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $56.0 to $64.0 for Chipotle Mexican Grill over the recent three months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Chipotle Mexican Grill options trades today is 1619.83 with a total volume of 2,329.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Chipotle Mexican Grill's big money trades within a strike price range of $56.0 to $64.0 over the last 30 days.

Chipotle Mexican Grill Option Activity Analysis: Last 30 Days

Biggest Options Spotted:

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.

In light of the recent options history for Chipotle Mexican Grill, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Present Market Standing of Chipotle Mexican Grill

• Trading volume stands at 4,279,145, with CMG's price up by 2.06%, positioned at $57.6.
• RSI indicators show the stock to be may be oversold.
• Earnings announcement expected in 20 days.

What Analysts Are Saying About Chipotle Mexican Grill

A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $69.0.

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. * An analyst from Barclays persists with their Equal-Weight rating on Chipotle Mexican Grill, maintaining a target price of $63. * An analyst from RBC Capital persists with their Outperform rating on Chipotle Mexican Grill, maintaining a target price of $75. * An analyst from Oppenheimer has decided to maintain their Outperform rating on Chipotle Mexican Grill, which currently sits at a price target of $69.

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.