Deep-pocketed investors have adopted a bearish approach towards Brinker International EAT, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in EAT usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 19 extraordinary options activities for Brinker International. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 10% leaning bullish and 78% bearish. Among these notable options, 2 are puts, totaling $80,000, and 17 are calls, amounting to $1,543,060.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $80.0 to $185.0 for Brinker International over the recent three months.
Volume & Open Interest Trends
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Brinker International'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 Brinker International's whale trades within a strike price range from $80.0 to $185.0 in the last 30 days.
Brinker International 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EAT | CALL | SWEEP | BEARISH | 03/21/25 | $27.1 | $26.6 | $26.6 | $160.00 | $438.9K | 732 | 490 |
| EAT | CALL | SWEEP | BEARISH | 03/21/25 | $27.0 | $26.6 | $26.6 | $160.00 | $372.4K | 732 | 630 |
| EAT | CALL | SWEEP | BEARISH | 03/21/25 | $27.1 | $26.5 | $26.5 | $160.00 | $164.3K | 732 | 325 |
| EAT | CALL | SWEEP | BEARISH | 03/21/25 | $26.8 | $26.6 | $26.6 | $160.00 | $135.6K | 732 | 700 |
| EAT | CALL | TRADE | NEUTRAL | 03/21/25 | $28.3 | $27.1 | $27.8 | $160.00 | $63.9K | 732 | 25 |
About Brinker International
Brinker International Inc operates casual dining restaurants under the brand's Chili Grill and Bar (Chili's) and Maggiano's Little Italy (Maggiano's). Chili's falls in the Bar and Grill category of casual dining. Its menu features Fresh Mex and Fresh Tex favorites including signature items such as slow-smoked baby back ribs, craft burgers, fajitas, and bottomless chips and salsa paired with tableside guacamole. Maggiano's is an Italian restaurant brand with a full lunch and dinner menu offering chef-prepared, such as appetizers, chicken, seafood, veal and prime steaks, and desserts. The company generates maximum revenue from Chili's segment.
After a thorough review of the options trading surrounding Brinker International, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Where Is Brinker International Standing Right Now?
- With a trading volume of 453,852, the price of EAT is down by -2.34%, reaching $183.56.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 82 days from now.
What Analysts Are Saying About Brinker International
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $144.0.
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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. * Consistent in their evaluation, an analyst from Wedbush keeps a Neutral rating on Brinker International with a target price of $185. * An analyst from BMO Capital has decided to maintain their Market Perform rating on Brinker International, which currently sits at a price target of $125. * An analyst from BMO Capital persists with their Market Perform rating on Brinker International, maintaining a target price of $150. * An analyst from Wells Fargo persists with their Equal-Weight rating on Brinker International, maintaining a target price of $145. * An analyst from Keybanc has revised its rating downward to Sector Weight, adjusting the price target to $115.
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 Brinker International, Benzinga Pro gives you real-time options trades alerts.
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