Decoding Cava Group's Options Activity: What's the Big Picture?

Investors with a lot of money to spend have taken a bullish stance on Cava Group CAVA.

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 CAVA, it often means somebody knows something is about to happen.

Today, Benzinga's options scanner spotted 10 options trades for Cava Group.

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, there was 1 put, for a total amount of $25,520, and 9, calls, for a total amount of $1,029,666.

Projected Price Targets

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $120.0 to $150.0 for Cava Group during the past quarter.

Volume & Open Interest Trends

In terms of liquidity and interest, the mean open interest for Cava Group options trades today is 494.75 with a total volume of 1,525.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Cava Group's big money trades within a strike price range of $120.0 to $150.0 over the last 30 days.

Cava Group 30-Day Option Volume & Interest Snapshot

Largest Options Trades Observed:

About Cava Group

Cava Group Inc owns and operates a chain of restaurants. It is the category-defining Mediterranean fast-casual restaurant brand, bringing together healthful food and bold, satisfying flavors at scale. The company's dips, spreads, and dressings are centrally produced and sold in grocery stores. The company's operations are conducted as two reportable segments: CAVA and Zoes Kitchen. The company generates the majority of its revenue from the CAVA segment.

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

Where Is Cava Group Standing Right Now?

• Currently trading with a volume of 512,443, the CAVA's price is up by 0.7%, now at $124.88.
• RSI readings suggest the stock is currently may be approaching overbought.
• Anticipated earnings release is in 32 days.

What The Experts Say On Cava Group

2 market experts have recently issued ratings for this stock, with a consensus target price of $126.0.

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 has decided to maintain their Equal-Weight rating on Cava Group, which currently sits at a price target of $127. * Maintaining their stance, an analyst from UBS continues to hold a Neutral rating for Cava Group, targeting a price of $125.

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 Cava Group options trades with real-time alerts from Benzinga Pro.