Financial giants have made a conspicuous bullish move on Cava Group. Our analysis of options history for Cava Group CAVA revealed 9 unusual trades.
Delving into the details, we found 55% of traders were bullish, while 44% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $106,610, and 7 were calls, valued at $486,680.
Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $45.0 to $70.0 for Cava Group during the past quarter.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for Cava Group options trades today is 304.17 with a total volume of 1,305.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Cava Group's big money trades within a strike price range of $45.0 to $70.0 over the last 30 days.
Cava Group Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| CAVA | CALL | SWEEP | NEUTRAL | 03/15/24 | $50.00 | $85.0K | 1.0K | 427 |
| CAVA | CALL | SWEEP | BULLISH | 12/20/24 | $70.00 | $84.4K | 259 | 104 |
| CAVA | CALL | SWEEP | BULLISH | 03/15/24 | $50.00 | $80.0K | 1.0K | 323 |
| CAVA | CALL | TRADE | BULLISH | 03/15/24 | $50.00 | $80.0K | 1.0K | 23 |
| CAVA | CALL | TRADE | BULLISH | 03/15/24 | $50.00 | $79.2K | 1.0K | 124 |
About Cava Group
Cava Group Inc owns and operates a chain of restaurants. It is the category-defining Mediterranean fast-casual restaurant brand, bringing together healthful food and bold, satisfying flavors at scale. The company's operations are conducted as two reportable segments: CAVA and Zoes Kitchen.
In light of the recent options history for Cava Group, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Present Market Standing of Cava Group
- With a trading volume of 1,978,037, the price of CAVA is up by 3.87%, reaching $59.1.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 67 days from now.
Expert Opinions on Cava Group
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $61.8.
- An analyst from Wedbush has decided to maintain their Outperform rating on Cava Group, which currently sits at a price target of $59.
- Maintaining their stance, an analyst from Wedbush continues to hold a Outperform rating for Cava Group, targeting a price of $65.
- Maintaining their stance, an analyst from Piper Sandler continues to hold a Overweight rating for Cava Group, targeting a price of $63.
- Maintaining their stance, an analyst from Citigroup continues to hold a Neutral rating for Cava Group, targeting a price of $60.
- An analyst from Baird has decided to maintain their Outperform rating on Cava Group, which currently sits at a price target of $62.
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 Cava Group options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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