Cava Group Unusual Options Activity For March 28

High-rolling investors have positioned themselves bearish on Cava Group CAVA, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in CAVA often signals that someone has privileged information.

Today, Benzinga's options scanner spotted 11 options trades for Cava Group. This is not a typical pattern.

The sentiment among these major traders is split, with 36% bullish and 63% bearish. Among all the options we identified, there was one put, amounting to $49,000, and 10 calls, totaling $498,424.

Expected Price Movements

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $25.0 to $90.0 for Cava Group during the past quarter.

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 Cava Group'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 Cava Group's whale activity within a strike price range from $25.0 to $90.0 in the last 30 days.

Cava Group 30-Day Option Volume & Interest Snapshot

Noteworthy Options Activity:

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 dips, spreads, and dressings are centrally produced and sold in grocery stores. The company's operations are conducted as two reportable segments: CAVA and Zoes Kitchen. The company generates the majority of its revenue from the CAVA segment.

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.

Cava Group's Current Market Status

• With a trading volume of 650,545, the price of CAVA is up by 0.68%, reaching $69.64.
• Current RSI values indicate that the stock is may be overbought.
• Next earnings report is scheduled for 39 days from now.

What Analysts Are Saying About Cava Group

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $60.0.

• Consistent in their evaluation, an analyst from JP Morgan keeps a Overweight rating on Cava Group with a target price of $50.
• Maintaining their stance, an analyst from Piper Sandler continues to hold a Overweight rating for Cava Group, targeting a price of $63.
• An analyst from Morgan Stanley persists with their Overweight rating on Cava Group, maintaining a target price of $62.
• Consistent in their evaluation, an analyst from Wedbush keeps a Outperform rating on Cava Group with a target price of $65.
• An analyst from Citigroup has decided to maintain their Neutral rating on Cava Group, which currently sits at a price target of $60.

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 Cava Group with Benzinga Pro for real-time alerts.