Unpacking the Latest Options Trading Trends in Chipotle Mexican Grill

Financial giants have made a conspicuous bearish move on Chipotle Mexican Grill. Our analysis of options history for Chipotle Mexican Grill CMG revealed 15 unusual trades.

Delving into the details, we found 26% of traders were bullish, while 73% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $126,260, and 12 were calls, valued at $2,590,021.

Expected Price Movements

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $1520.0 to $2850.0 for Chipotle Mexican Grill over the recent three months.

Analyzing 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 $1520.0 to $2850.0 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 $9.9 billion in 2023. 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 3,440 stores at the end of 2023, 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 55,306, the price of CMG is up by 0.92%, reaching $2632.16.
• Current RSI values indicate that the stock is may be overbought.
• Next earnings report is scheduled for 70 days from now.

Expert Opinions on Chipotle Mexican Grill

5 market experts have recently issued ratings for this stock, with a consensus target price of $2532.0.

• An analyst from Barclays has decided to maintain their Equal-Weight rating on Chipotle Mexican Grill, which currently sits at a price target of $2400.
• An analyst from Keybanc has decided to maintain their Overweight rating on Chipotle Mexican Grill, which currently sits at a price target of $2750.
• Consistent in their evaluation, an analyst from Stifel keeps a Buy rating on Chipotle Mexican Grill with a target price of $2560.
• An analyst from Wedbush downgraded its action to Neutral with a price target of $2400.
• Consistent in their evaluation, an analyst from Raymond James keeps a Outperform rating on Chipotle Mexican Grill with a target price of $2550.

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.