Looking At Chipotle Mexican Grill's Recent Unusual Options Activity

Deep-pocketed investors have adopted a bullish approach towards Chipotle Mexican Grill CMG, 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 CMG usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 15 extraordinary options activities for Chipotle Mexican Grill. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 60% leaning bullish and 40% bearish. Among these notable options, 9 are puts, totaling $464,611, and 6 are calls, amounting to $1,114,600.

Predicted Price Range

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $1810.0 to $3000.0 for Chipotle Mexican Grill over the recent three months.

Analyzing Volume & Open Interest

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 Chipotle Mexican Grill'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 Chipotle Mexican Grill's whale trades within a strike price range from $1810.0 to $3000.0 in the last 30 days.

Chipotle Mexican Grill Option Volume And Open Interest Over 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 $8.6 billion in 2022. The Mexican concept is predominately company-owned (it recently inked a development agreement with Alshaya Group in the Middle East), with a footprint of nearly 3,200 stores at the end of 2022, heavily indexed to the United States, although the firm maintains a small presence in Canada, the U.K., 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.

Having examined the options trading patterns of Chipotle Mexican Grill, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Where Is Chipotle Mexican Grill Standing Right Now?

• With a trading volume of 42,434, the price of CMG is down by 0.0%, reaching $2202.25.
• Current RSI values indicate that the stock is may be overbought.
• Next earnings report is scheduled for 67 days from now.

Professional Analyst Ratings for Chipotle Mexican Grill

Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $2425.0.

• An analyst from RBC Capital persists with their Outperform rating on Chipotle Mexican Grill, maintaining a target price of $2425.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Chipotle Mexican Grill with Benzinga Pro for real-time alerts.