What the Options Market Tells Us About Chipotle Mexican Grill

High-rolling investors have positioned themselves bearish on Chipotle Mexican Grill CMG, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in CMG often signals that someone has privileged information.

Today, Benzinga's options scanner spotted 9 options trades for Chipotle Mexican Grill. This is not a typical pattern.

The sentiment among these major traders is split, with 44% bullish and 55% bearish. Among all the options we identified, there was one put, amounting to $28,000, and 8 calls, totaling $570,470.

Expected Price Movements

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $1490.0 to $4000.0 for Chipotle Mexican Grill over the last 3 months.

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 $1490.0 to $4000.0 over the preceding 30 days.

Chipotle Mexican Grill Option Activity Analysis: 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.

Following our analysis of the options activities associated with Chipotle Mexican Grill, we pivot to a closer look at the company's own performance.

Present Market Standing of Chipotle Mexican Grill

• With a volume of 29,875, the price of CMG is down 0.0% at $2722.69.
• RSI indicators hint that the underlying stock may be approaching overbought.
• Next earnings are expected to be released in 41 days.

What The Experts Say On Chipotle Mexican Grill

A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $9.0.

• Maintaining their stance, an analyst from Barclays continues to hold a Underweight rating for Chipotle Mexican Grill, targeting a price of $9.

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 Chipotle Mexican Grill, Benzinga Pro gives you real-time options trades alerts.