Chipotle Mexican Grill Unusual Options Activity

Investors with a lot of money to spend have taken a bearish 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 these are institutions or just wealthy individuals, we don't know. But when something this big happens with CMG, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 11 uncommon options trades for Chipotle Mexican Grill.

This isn't normal.

The overall sentiment of these big-money traders is split between 9% bullish and 90%, bearish.

Out of all of the special options we uncovered, 6 are puts, for a total amount of $312,949, and 5 are calls, for a total amount of $245,441.

What's The Price Target?

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $1940.0 to $2800.0 for Chipotle Mexican Grill over the recent three months.

Insights into Volume & Open Interest

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 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 activity within a strike price range from $1940.0 to $2800.0 in the last 30 days.

Chipotle Mexican Grill 30-Day Option Volume & Interest Snapshot

Significant Options Trades Detected:

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

Present Market Standing of Chipotle Mexican Grill

• With a trading volume of 66,097, the price of CMG is up by 0.09%, reaching $2316.0.
• Current RSI values indicate that the stock is may be approaching overbought.
• Next earnings report is scheduled for 47 days from now.

Expert Opinions on Chipotle Mexican Grill

In the last month, 3 experts released ratings on this stock with an average target price of $2425.0.

• Reflecting concerns, an analyst from Wedbush lowers its rating to Neutral with a new price target of $2400.
• An analyst from Raymond James persists with their Outperform rating on Chipotle Mexican Grill, maintaining a target price of $2450.
• Maintaining their stance, an analyst from RBC Capital continues to hold a Outperform rating for Chipotle Mexican Grill, targeting a 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.