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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 (NYSE:CMG) we detected 19 trades.
If we consider the specifics of each trade, it is accurate to state that 21% of the investors opened trades with bullish expectations and 57% with bearish.
From the overall spotted trades, 16 are puts, for a total amount of $524,983 and 3, calls, for a total amount of $113,370.
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $52.0 and $65.0 for Chipotle Mexican Grill, spanning the last three months.
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Chipotle Mexican Grill's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Chipotle Mexican Grill's substantial trades, within a strike price spectrum from $52.0 to $65.0 over the preceding 30 days.
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|---|---|---|
CMG | PUT | SWEEP | BEARISH | 09/20/24 | $0.75 | $0.65 | $0.75 | $53.00 | $56.2K | 7.6K | 762 |
CMG | PUT | SWEEP | BULLISH | 12/20/24 | $4.8 | $4.7 | $4.7 | $56.00 | $51.2K | 1.1K | 218 |
CMG | CALL | SWEEP | BULLISH | 09/20/24 | $1.15 | $1.1 | $1.15 | $55.00 | $48.9K | 17.4K | 687 |
CMG | PUT | SWEEP | BULLISH | 12/20/24 | $6.0 | $5.9 | $5.92 | $58.00 | $45.5K | 1.4K | 418 |
CMG | CALL | TRADE | BEARISH | 01/16/26 | $7.5 | $7.2 | $7.2 | $62.00 | $38.8K | 2.1K | 217 |
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.
After a thorough review of the options trading surrounding Chipotle Mexican Grill, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
In the last month, 5 experts released ratings on this stock with an average target price of $62.8.
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.
Posted In: CMG