Deep-pocketed investors have adopted a bearish approach towards Cava Group CAVA, 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 CAVA usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 13 extraordinary options activities for Cava Group. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 30% leaning bullish and 46% bearish. Among these notable options, 9 are puts, totaling $749,733, and 4 are calls, amounting to $164,620.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $100.0 and $200.0 for Cava Group, spanning the last three months.
Insights into 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 Cava Group's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Cava Group's significant trades, within a strike price range of $100.0 to $200.0, over the past month.
Cava Group Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CAVA | PUT | TRADE | BEARISH | 01/16/26 | $15.2 | $15.0 | $15.13 | $100.00 | $304.1K | 895 | 354 |
| CAVA | PUT | TRADE | NEUTRAL | 04/17/25 | $37.9 | $36.7 | $37.2 | $150.00 | $111.6K | 234 | 30 |
| CAVA | PUT | TRADE | BEARISH | 02/21/25 | $15.9 | $15.7 | $15.9 | $130.00 | $79.5K | 739 | 51 |
| CAVA | PUT | TRADE | NEUTRAL | 01/16/26 | $30.9 | $30.1 | $30.5 | $130.00 | $76.2K | 137 | 0 |
| CAVA | CALL | TRADE | BULLISH | 12/20/24 | $2.35 | $2.15 | $2.35 | $118.00 | $70.2K | 20 | 302 |
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 dips, spreads, and dressings are centrally produced and sold in grocery stores. The company's operations are conducted as two reportable segments: CAVA and Zoes Kitchen. The company generates the majority of its revenue from the CAVA segment.
Having examined the options trading patterns of Cava Group, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Cava Group's Current Market Status
- With a volume of 1,605,011, the price of CAVA is up 0.26% at $117.5.
- RSI indicators hint that the underlying stock may be oversold.
- Next earnings are expected to be released in 68 days.
What Analysts Are Saying About Cava Group
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $145.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * An analyst from Bernstein downgraded its action to Market Perform with a price target of $145.
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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