Looking At Cava Group's Recent Unusual Options Activity

Investors with a lot of money to spend have taken a bearish stance on Cava Group CAVA.

And retail traders should know.

We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with CAVA, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 9 uncommon options trades for Cava Group.

This isn't normal.

The overall sentiment of these big-money traders is split between 33% bullish and 44%, bearish.

Out of all of the special options we uncovered, 5 are puts, for a total amount of $228,395, and 4 are calls, for a total amount of $177,635.

Predicted Price Range

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $60.0 and $100.0 for Cava Group, spanning the last three months.

Volume & Open Interest Trends

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Cava Group's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Cava Group's significant trades, within a strike price range of $60.0 to $100.0, over the past month.

Cava Group Option Volume And Open Interest Over Last 30 Days

Largest Options Trades Observed:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
CAVA CALL SWEEP NEUTRAL 01/16/26 $19.6 $18.6 $18.6 $100.00 $96.6K 76 1
CAVA PUT SWEEP BEARISH 06/21/24 $4.1 $3.9 $4.1 $75.00 $81.9K 134 223
CAVA PUT SWEEP BEARISH 06/21/24 $4.6 $4.5 $4.6 $75.00 $45.9K 134 324
CAVA PUT SWEEP BULLISH 06/21/24 $2.65 $2.5 $2.5 $70.00 $37.7K 301 40
CAVA CALL TRADE BEARISH 05/10/24 $3.7 $3.5 $3.5 $75.00 $35.0K 371 94

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.

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

Cava Group's Current Market Status

  • With a trading volume of 895,538, the price of CAVA is up by 5.55%, reaching $79.56.
  • Current RSI values indicate that the stock is may be overbought.
  • Next earnings report is scheduled for 18 days from now.

Professional Analyst Ratings for Cava Group

In the last month, 5 experts released ratings on this stock with an average target price of $69.2.

  • Maintaining their stance, an analyst from TD Cowen continues to hold a Buy rating for Cava Group, targeting a price of $73.
  • An analyst from Morgan Stanley persists with their Overweight rating on Cava Group, maintaining a target price of $68.
  • An analyst from Wedbush persists with their Outperform rating on Cava Group, maintaining a target price of $74.
  • In a cautious move, an analyst from Barclays downgraded its rating to Equal-Weight, setting a price target of $58.
  • Reflecting concerns, an analyst from TD Cowen lowers its rating to Buy with a new price target of $73.

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 Cava Group, 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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