Whales with a lot of money to spend have taken a noticeably bullish stance on Cava Group.
Looking at options history for Cava Group CAVA we detected 8 trades.
If we consider the specifics of each trade, it is accurate to state that 62% of the investors opened trades with bullish expectations and 37% with bearish.
From the overall spotted trades, 6 are puts, for a total amount of $225,540 and 2, calls, for a total amount of $76,200.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $20.0 and $55.0 for Cava Group, spanning the last three months.
Volume & Open Interest Development
In today's trading context, the average open interest for options of Cava Group stands at 519.0, with a total volume reaching 687.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Cava Group, situated within the strike price corridor from $20.0 to $55.0, throughout the last 30 days.
Cava Group 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| CAVA | PUT | SWEEP | NEUTRAL | 03/15/24 | $55.00 | $63.0K | 302 | 100 |
| CAVA | CALL | TRADE | BULLISH | 04/19/24 | $50.00 | $46.1K | 486 | 3 |
| CAVA | PUT | TRADE | BULLISH | 03/15/24 | $50.00 | $37.0K | 910 | 317 |
| CAVA | PUT | TRADE | NEUTRAL | 03/15/24 | $50.00 | $36.0K | 910 | 217 |
| CAVA | PUT | TRADE | BULLISH | 03/15/24 | $50.00 | $33.5K | 910 | 17 |
About Cava Group
Cava Group Inc owns and operates a chain of restaurants. It is the category-defining Mediterranean fast-casual restaurant brand, bringing together healthful food and bold, satisfying flavors at scale. The company's operations are conducted as two reportable segments: CAVA and Zoes Kitchen.
After a thorough review of the options trading surrounding Cava Group, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Cava Group's Current Market Status
- With a trading volume of 2,945,461, the price of CAVA is down by -5.41%, reaching $51.25.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 6 days from now.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Cava Group, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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