Looking At Chipotle Mexican Grill's Recent Unusual Options Activity

Whales with a lot of money to spend have taken a noticeably bearish stance on Chipotle Mexican Grill.

Looking at options history for Chipotle Mexican Grill CMG we detected 42 trades.

If we consider the specifics of each trade, it is accurate to state that 40% of the investors opened trades with bullish expectations and 45% with bearish.

From the overall spotted trades, 10 are puts, for a total amount of $1,374,585 and 32, calls, for a total amount of $2,092,663.

Predicted Price Range

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $44.0 to $64.0 for Chipotle Mexican Grill during the past quarter.

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 $44.0 to $64.0, over the past month.

Chipotle Mexican Grill Option Activity Analysis: Last 30 Days

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 $9.9 billion in 2023. The Mexican concept is predominately company-owned, although it recently inked a development agreement with Alshaya Group in the Middle East. It had a footprint of nearly 3,440 stores at the end of 2023, heavily indexed to the United States, although it maintains a small presence in Canada, the UK, 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

Chipotle Mexican Grill's Current Market Status

• Trading volume stands at 17,209,781, with CMG's price up by 1.58%, positioned at $53.4.
• RSI indicators show the stock to be may be approaching oversold.
• Earnings announcement expected in 85 days.

Expert Opinions on Chipotle Mexican Grill

In the last month, 5 experts released ratings on this stock with an average target price of $65.0.

• An analyst from Goldman Sachs has decided to maintain their Buy rating on Chipotle Mexican Grill, which currently sits at a price target of $67.
• An analyst from Piper Sandler has decided to maintain their Neutral rating on Chipotle Mexican Grill, which currently sits at a price target of $56.
• An analyst from Truist Securities has decided to maintain their Buy rating on Chipotle Mexican Grill, which currently sits at a price target of $69.
• An analyst from Keybanc persists with their Overweight rating on Chipotle Mexican Grill, maintaining a target price of $68.
• An analyst from Evercore ISI Group has decided to maintain their Outperform rating on Chipotle Mexican Grill, which currently sits at a price target of $65.

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