Investors with a lot of money to spend have taken a bullish stance on Chipotle Mexican Grill (NYSE:CMG).
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with CMG, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 8 options trades for Chipotle Mexican Grill.
This isn't normal.
The overall sentiment of these big-money traders is split between 50% bullish and 37%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $30,210, and 7, calls, for a total amount of $316,224.
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 $35.0 to $46.0 for Chipotle Mexican Grill during the past quarter.
Volume & Open Interest Trends
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 $35.0 to $46.0, over the past month.
Chipotle Mexican Grill 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CMG | CALL | SWEEP | BULLISH | 11/21/25 | $5.7 | $5.6 | $5.7 | $35.00 | $74.6K | 633 | 259 |
| CMG | CALL | SWEEP | BULLISH | 11/21/25 | $5.85 | $5.75 | $5.85 | $35.00 | $58.5K | 633 | 6 |
| CMG | PUT | SWEEP | BEARISH | 09/26/25 | $0.79 | $0.76 | $0.79 | $39.50 | $55.3K | 4.4K | 1.2K |
| CMG | CALL | TRADE | BULLISH | 12/19/25 | $2.96 | $2.92 | $2.96 | $40.00 | $47.0K | 3.4K | 394 |
| CMG | CALL | TRADE | NEUTRAL | 01/16/26 | $1.77 | $1.52 | $1.65 | $46.00 | $41.0K | 2.9K | 1 |
About Chipotle Mexican Grill
Chipotle Mexican Grill is the largest fast-casual chain restaurant in the United States, with systemwide sales of $11.3 billion in 2024. The Mexican concept is almost exclusively company-owned, with just three license stores operated through a master franchise relationship with Alshaya Group in the Middle East. It had a footprint of 3,726 stores at the end of 2024, 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.
Current Position of Chipotle Mexican Grill
- Trading volume stands at 5,383,635, with CMG's price down by -0.77%, positioned at $39.51.
- RSI indicators show the stock to be may be oversold.
- Earnings announcement expected in 40 days.
Professional Analyst Ratings for Chipotle Mexican Grill
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $58.0.
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 BTIG downgraded its action to Buy with a price target of $57. * In a cautious move, an analyst from Stephens & Co. downgraded its rating to Equal-Weight, setting a price target of $60. * In a cautious move, an analyst from TD Cowen downgraded its rating to Buy, setting a price target of $58. * Maintaining their stance, an analyst from Stifel continues to hold a Buy rating for Chipotle Mexican Grill, targeting a price of $60. * An analyst from Rothschild & Co has elevated its stance to Buy, setting a new price target at $55.
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.
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