Whales with a lot of money to spend have taken a noticeably bearish stance on Chipotle Mexican Grill ( CMG ).
Looking at options history for Chipotle Mexican Grill ( CMG ) we detected 22 trades.
If we consider the specifics of each trade, it is accurate to state that 31% of the investors opened trades with bullish expectations and 40% with bearish.
From the overall spotted trades, 11 are puts, for a total amount of $427,452 and 11, calls, for a total amount of $523,279.
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $2300.0 to $3450.0 for Chipotle Mexican Grill ( CMG ) over the recent three months.
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Chipotle Mexican Grill's ( CMG ) options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Chipotle Mexican Grill's ( CMG ) whale activity within a strike price range from $2300.0 to $3450.0 in the last 30 days.
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CMG | CALL | SWEEP | NEUTRAL | 46 | 5 | ||||||
| CMG | CALL | TRADE | BEARISH | 1 | 1 | ||||||
| CMG | PUT | SWEEP | BULLISH | 10 | 0 | ||||||
| CMG | CALL | TRADE | BULLISH | 38 | 1 | ||||||
| CMG | PUT | TRADE | NEUTRAL | 10 | 41 |
Chipotle Mexican Grill ( CMG ) 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.
After a thorough review of the options trading surrounding Chipotle Mexican Grill ( CMG ), we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Currently trading with a volume of 63,565, the CMG's price is up by 0.65%, now at $3166.32.
RSI readings suggest the stock is currently may be overbought.
Anticipated earnings release is in 68 days.
In the last month, 5 experts released ratings on this stock with an average target price of $3390.0.
An analyst from Truist Securities persists with their Buy rating on Chipotle Mexican Grill ( CMG ), maintaining a target price of $3440.
Consistent in their evaluation, an analyst from TD Cowen keeps a Buy rating on Chipotle Mexican Grill ( CMG ) with a target price of $3500.
An analyst from Deutsche Bank has decided to maintain their Buy rating on Chipotle Mexican Grill ( CMG ), which currently sits at a price target of $3600.
An analyst from Raymond James has revised its rating downward to Outperform, adjusting the price target to $3340.
Maintaining their stance, an analyst from Piper Sandler continues to hold a Neutral rating for Chipotle Mexican Grill ( CMG ), targeting a price of $3070.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Chipotle Mexican Grill ( CMG ) options trades with real-time alerts from Benzinga Pro.
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