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Whales with a lot of money to spend have taken a noticeably bullish stance on Chipotle Mexican Grill.
Looking at options history for Chipotle Mexican Grill (NYSE:CMG) we detected 10 trades.
If we consider the specifics of each trade, it is accurate to state that 70% of the investors opened trades with bullish expectations and 30% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $233,647 and 5, calls, for a total amount of $177,650.
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $52.0 to $70.0 for Chipotle Mexican Grill over the recent three months.
In terms of liquidity and interest, the mean open interest for Chipotle Mexican Grill options trades today is 1859.78 with a total volume of 1,300.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Chipotle Mexican Grill's big money trades within a strike price range of $52.0 to $70.0 over the last 30 days.
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|---|---|---|
CMG | PUT | SWEEP | BULLISH | 07/12/24 | $0.75 | $0.7 | $0.7 | $60.00 | $70.0K | 1.3K | 54 |
CMG | CALL | TRADE | BEARISH | 12/18/26 | $12.4 | $12.1 | $12.1 | $70.00 | $60.5K | 734 | 1 |
CMG | PUT | SWEEP | BEARISH | 07/12/24 | $0.6 | $0.6 | $0.6 | $60.00 | $60.0K | 1.3K | 1.1K |
CMG | PUT | SWEEP | BULLISH | 12/20/24 | $4.5 | $4.4 | $4.4 | $60.30 | $40.0K | 91 | 0 |
CMG | PUT | TRADE | BULLISH | 06/20/25 | $5.1 | $2.9 | $2.9 | $52.00 | $35.6K | 10.8K | 0 |
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.
5 market experts have recently issued ratings for this stock, with a consensus target price of $2714.4.
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.
Posted In: CMG