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

Whales with a lot of money to spend have taken a noticeably bearish stance on Chipotle Mexican Grill.

Looking at options history for Chipotle Mexican Grill CMG we detected 16 trades.

If we consider the specifics of each trade, it is accurate to state that 31% of the investors opened trades with bullish expectations and 37% with bearish.

From the overall spotted trades, 5 are puts, for a total amount of $281,710 and 11, calls, for a total amount of $2,334,117.

What's The Price Target?

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $2330.0 to $3700.0 for Chipotle Mexican Grill over the recent three months.

Volume & Open Interest Trends

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 $2330.0 to $3700.0 in the last 30 days.

Chipotle Mexican Grill 30-Day Option Volume & Interest Snapshot

Noteworthy Options Activity:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
CMG CALL SWEEP BEARISH 05/03/24 $554.0 $534.1 $543.83 $2610.00 $1.1M 22 0
CMG CALL SWEEP BULLISH 05/10/24 $544.0 $532.0 $544.0 $2620.00 $652.8K 10 0
CMG CALL TRADE BEARISH 01/16/26 $584.0 $568.1 $571.0 $3200.00 $114.2K 27 0
CMG CALL TRADE NEUTRAL 09/20/24 $892.7 $876.6 $884.0 $2330.00 $88.4K 4 0
CMG PUT TRADE NEUTRAL 07/19/24 $94.6 $89.0 $91.8 $3125.00 $64.2K 2 7

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, although it recently inked a development agreement with Alshaya Group in the Middle East. It had a footprint of nearly 3,440 stores at the end of 2023, heavily indexed to the United States, although it maintains a small presence in Canada, the UK, 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.

Having examined the options trading patterns of Chipotle Mexican Grill, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Present Market Standing of Chipotle Mexican Grill

  • Currently trading with a volume of 40,306, the CMG's price is up by 0.44%, now at $3155.82.
  • RSI readings suggest the stock is currently may be approaching overbought.
  • Anticipated earnings release is in 82 days.

Expert Opinions on Chipotle Mexican Grill

A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $2980.0.

  • Consistent in their evaluation, an analyst from Wedbush keeps a Neutral rating on Chipotle Mexican Grill with a target price of $3200.
  • An analyst from Stephens & Co. has decided to maintain their Equal-Weight rating on Chipotle Mexican Grill, which currently sits at a price target of $3050.
  • Consistent in their evaluation, an analyst from Jefferies keeps a Hold rating on Chipotle Mexican Grill with a target price of $2700.
  • An analyst from Morgan Stanley has decided to maintain their Equal-Weight rating on Chipotle Mexican Grill, which currently sits at a price target of $3100.
  • Consistent in their evaluation, an analyst from BMO Capital keeps a Market Perform rating on Chipotle Mexican Grill with a target price of $2850.

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.

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Posted In: OptionsMarketsBZI-UOA
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