27% profits every 20 days?
This is what Nic Chahine averages with his options 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 29 strange trades.
If we consider the specifics of each trade, it is accurate to state that 44% of the investors opened trades with bullish expectations and 55% with bearish.
From the overall spotted trades, 16 are puts, for a total amount of $682,411 and 13, calls, for a total amount of $620,708.
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 $1650.0 to $2250.0 for Chipotle Mexican Grill over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Chipotle Mexican Grill options trades today is 48.88 with a total volume of 221.00.
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 $1650.0 to $2250.0 over the last 30 days.
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 | SWEEP | BEARISH | 01/17/25 | $2250.00 | $146.7K | 41 | 10 |
| CMG | PUT | SWEEP | NEUTRAL | 10/20/23 | $1945.00 | $114.0K | 62 | 0 |
| CMG | PUT | TRADE | BULLISH | 10/20/23 | $1860.00 | $84.4K | 80 | 20 |
| CMG | CALL | SWEEP | NEUTRAL | 10/27/23 | $1850.00 | $73.3K | 5 | 30 |
| CMG | CALL | TRADE | BULLISH | 10/27/23 | $1880.00 | $56.0K | 1 | 11 |
Where Is Chipotle Mexican Grill Standing Right Now?
- With a volume of 66,235, the price of CMG is down -0.07% at $1830.59.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 24 days.
What The Experts Say On Chipotle Mexican Grill:
- Truist Securities downgraded its action to Buy with a price target of $2230
- Wedbush downgraded its action to Outperform with a price target of $2200
- Truist Securities has decided to maintain their Buy rating on Chipotle Mexican Grill, which currently sits at a price target of $2280.
- TD Cowen downgraded its action to Outperform with a price target of $2200
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% profits every 20 days?
This is what Nic Chahine averages with his options 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.
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