27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
A whale with a lot of money to spend has taken a noticeably bearish stance on Chipotle Mexican Grill.
Looking at options history for Chipotle Mexican Grill (NYSE:CMG) we detected 23 strange trades.
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If we consider the specifics of each trade, it is accurate to state that 34% of the investors opened trades with bullish expectations and 65% with bearish.
From the overall spotted trades, 8 are puts, for a total amount of $393,382 and 15, calls, for a total amount of $1,052,950.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $1335.0 to $1730.0 for Chipotle Mexican Grill over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $1335.0 to $1730.0 in the last 30 days.
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Chipotle Mexican Grill Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| CMG | CALL | TRADE | BULLISH | 09/15/23 | $1380.00 | $225.9K | 1 | 18 |
| CMG | CALL | TRADE | BULLISH | 06/16/23 | $1335.00 | $220.4K | 20 | 9 |
| CMG | PUT | SWEEP | BEARISH | 01/19/24 | $1620.00 | $115.0K | 83 | 9 |
| CMG | CALL | TRADE | NEUTRAL | 04/21/23 | $1350.00 | $96.1K | 229 | 5 |
| CMG | CALL | TRADE | BULLISH | 09/15/23 | $1645.00 | $74.6K | 4 | 8 |
Where Is Chipotle Mexican Grill Standing Right Now?
- With a volume of 82,329, the price of CMG is down -0.07% at $1509.0.
- RSI indicators hint that the underlying stock may be oversold.
- Next earnings are expected to be released in 50 days.
What The Experts Say On Chipotle Mexican Grill:
- Citigroup has decided to maintain their Buy rating on Chipotle Mexican Grill, which currently sits at a price target of $2084.
- Cowen & Co. has decided to maintain their Outperform rating on Chipotle Mexican Grill, which currently sits at a price target of $2050.
- Deutsche Bank has decided to maintain their Hold rating on Chipotle Mexican Grill, which currently sits at a price target of $1657.
- Stephens & Co. downgraded its action to Overweight with a price target of $1760
- Baird has decided to maintain their Outperform rating on Chipotle Mexican Grill, which currently sits at a price target of $1900.
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.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.