Chipotle Mexican Grill Unusual Options Activity For March 11

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 CMG we detected 21 trades.

If we consider the specifics of each trade, it is accurate to state that 33% of the investors opened trades with bullish expectations and 66% with bearish.

From the overall spotted trades, 9 are puts, for a total amount of $691,220 and 12, calls, for a total amount of $455,134.

What's The Price Target?

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $2050.0 and $3000.0 for Chipotle Mexican Grill, spanning the last three months.

Insights into Volume & Open Interest

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 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 whale activity within a strike price range from $2050.0 to $3000.0 in the last 30 days.

Chipotle Mexican Grill 30-Day Option Volume & Interest Snapshot

Noteworthy Options Activity:

About Chipotle Mexican Grill

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 (it recently inked a development agreement with Alshaya Group in the Middle East), with a footprint of nearly 3,440 stores at the end of 2023, heavily indexed to the United States, although the firm maintains a small presence in Canada, the U.K., 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.

Following our analysis of the options activities associated with Chipotle Mexican Grill, we pivot to a closer look at the company's own performance.

Current Position of Chipotle Mexican Grill

• With a trading volume of 64,699, the price of CMG is down by 0.0%, reaching $2686.12.
• Current RSI values indicate that the stock is may be approaching overbought.
• Next earnings report is scheduled for 44 days from now.

Expert Opinions on Chipotle Mexican Grill

Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $9.0.

• An analyst from Barclays persists with their Underweight rating on Chipotle Mexican Grill, maintaining a target price of $9.

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 options trades with real-time alerts from Benzinga Pro.