Chipotle Mexican Grill Options Trading: A Deep Dive into Market Sentiment

Deep-pocketed investors have adopted a bearish 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 26% leaning bullish and 73% bearish. Among these notable options, 7 are puts, totaling $568,070, and 8 are calls, amounting to $1,335,324.

Expected Price Movements

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $1140.0 to $2510.0 for Chipotle Mexican Grill during the past quarter.

Analyzing Volume & Open Interest

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Chipotle Mexican Grill's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Chipotle Mexican Grill's substantial trades, within a strike price spectrum from $1140.0 to $2510.0 over the preceding 30 days.

Chipotle Mexican Grill 30-Day Option Volume & Interest Snapshot

Noteworthy Options Activity:

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?

• Trading volume stands at 80,395, with CMG's price down by -0.33%, positioned at $2205.55.
• RSI indicators show the stock to be may be approaching oversold.
• Earnings announcement expected in 29 days.

What Analysts Are Saying About Chipotle Mexican Grill

5 market experts have recently issued ratings for this stock, with a consensus target price of $2484.2.

• An analyst from Oppenheimer has decided to maintain their Outperform rating on Chipotle Mexican Grill, which currently sits at a price target of $2525.
• Maintaining their stance, an analyst from Barclays continues to hold a Equal-Weight rating for Chipotle Mexican Grill, targeting a price of $2246.
• Consistent in their evaluation, an analyst from Stifel keeps a Buy rating on Chipotle Mexican Grill with a target price of $2450.
• In a cautious move, an analyst from Wedbush downgraded its rating to Neutral, setting a price target of $2400.
• An analyst from Stephens & Co. has decided to maintain their Overweight rating on Chipotle Mexican Grill, which currently sits at a price target of $2800.

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.