A Closer Look at Chipotle Mexican Grill's Options Market Dynamics

Financial giants have made a conspicuous bearish move on Chipotle Mexican Grill. Our analysis of options history for Chipotle Mexican Grill CMG revealed 27 unusual trades.

Delving into the details, we found 29% of traders were bullish, while 70% showed bearish tendencies. Out of all the trades we spotted, 11 were puts, with a value of $366,297, and 16 were calls, valued at $586,515.

What's The Price Target?

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $2670.0 to $3500.0 for Chipotle Mexican Grill over the recent three months.

Analyzing 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 $2670.0 to $3500.0 in the last 30 days.

Chipotle Mexican Grill 30-Day Option Volume & Interest Snapshot

Significant Options Trades Detected:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
CMG PUT TRADE NEUTRAL 05/17/24 $196.8 $183.0 $190.78 $3100.00 $57.2K 5 0
CMG CALL SWEEP BULLISH 04/26/24 $107.2 $103.4 $107.2 $2980.00 $53.6K 36 8
CMG CALL TRADE BULLISH 05/17/24 $178.1 $170.3 $174.98 $2900.00 $52.4K 94 18
CMG CALL TRADE NEUTRAL 09/20/24 $436.1 $424.7 $430.55 $2700.00 $43.0K 56 1
CMG PUT TRADE BEARISH 01/17/25 $142.0 $138.2 $142.0 $2700.00 $42.6K 374 3

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.

After a thorough review of the options trading surrounding Chipotle Mexican Grill, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Present Market Standing of Chipotle Mexican Grill

  • Currently trading with a volume of 59,823, the CMG's price is up by 0.47%, now at $2971.63.
  • RSI readings suggest the stock is currently may be approaching overbought.
  • Anticipated earnings release is in 9 days.

Professional Analyst Ratings for Chipotle Mexican Grill

5 market experts have recently issued ratings for this stock, with a consensus target price of $3274.0.

  • Maintaining their stance, an analyst from BTIG continues to hold a Buy rating for Chipotle Mexican Grill, targeting a price of $3250.
  • An analyst from Stifel persists with their Buy rating on Chipotle Mexican Grill, maintaining a target price of $3270.
  • Maintaining their stance, an analyst from Keybanc continues to hold a Overweight rating for Chipotle Mexican Grill, targeting a price of $3250.
  • Maintaining their stance, an analyst from TD Cowen continues to hold a Buy rating for Chipotle Mexican Grill, targeting a price of $3400.
  • An analyst from Bernstein has decided to maintain their Outperform rating on Chipotle Mexican Grill, which currently sits at a price target of $3200.

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.

Market News and Data brought to you by Benzinga APIs
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Posted In: OptionsMarketsBZI-UOA
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