Chipotle Mexican Grill Unusual Options Activity For December 11

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 16 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 56% leaning bullish and 43% bearish. Among these notable options, 8 are puts, totaling $409,729, and 8 are calls, amounting to $401,348.

Predicted Price Range

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $1620.0 to $2600.0 for Chipotle Mexican Grill over the recent three months.

Analyzing Volume & Open Interest

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Chipotle Mexican Grill's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Chipotle Mexican Grill's significant trades, within a strike price range of $1620.0 to $2600.0, over the past month.

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 $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.

Present Market Standing of Chipotle Mexican Grill

• With a trading volume of 13,981, the price of CMG is up by 0.77%, reaching $2260.33.
• Current RSI values indicate that the stock is may be approaching overbought.
• Next earnings report is scheduled for 57 days from now.

What The Experts Say On Chipotle Mexican Grill

A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $2437.5.

• An analyst from RBC Capital persists with their Outperform rating on Chipotle Mexican Grill, maintaining a target price of $2425.
• Consistent in their evaluation, an analyst from Raymond James keeps a Outperform rating on Chipotle Mexican Grill with a target price of $2450.

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.