Cava Group's Options Frenzy: What You Need to Know

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 positions 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.

Today, Benzinga's options scanner spotted 10 options trades for Cava Group.

This isn't normal.

The overall sentiment of these big-money traders is split between 40% bullish and 50%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $25,724, and 9, calls, for a total amount of $556,046.

Projected Price Targets

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 Call and Put Volume: 30-Day Overview

Significant Options Trades Detected:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
CAVA CALL TRADE NEUTRAL 06/21/24 $38.2 $33.7 $35.8 $60.00 $89.4K 87 0
CAVA CALL TRADE BEARISH 01/17/25 $31.6 $29.9 $29.9 $75.00 $74.7K 1.5K 0
CAVA CALL SWEEP BULLISH 01/16/26 $48.2 $47.7 $48.7 $60.00 $72.8K 408 0
CAVA CALL TRADE BEARISH 01/17/25 $17.7 $16.6 $17.0 $100.00 $68.0K 3.1K 0
CAVA CALL SWEEP BULLISH 01/16/26 $36.7 $34.4 $36.04 $85.00 $65.7K 168 0

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

Where Is Cava Group Standing Right Now?

  • With a trading volume of 76,129, the price of CAVA is up by 0.63%, reaching $95.99.
  • Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
  • Next earnings report is scheduled for 54 days from now.

What The Experts Say On Cava Group

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $86.2.

  • Consistent in their evaluation, an analyst from Stifel keeps a Buy rating on Cava Group with a target price of $90.
  • Maintaining their stance, an analyst from Morgan Stanley continues to hold a Overweight rating for Cava Group, targeting a price of $85.
  • Maintaining their stance, an analyst from Barclays continues to hold a Equal-Weight rating for Cava Group, targeting a price of $72.
  • An analyst from Jefferies has decided to maintain their Buy rating on Cava Group, which currently sits at a price target of $94.
  • Consistent in their evaluation, an analyst from TD Cowen keeps a Buy rating on Cava Group with a target price of $90.

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.

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Posted In: OptionsMarketsBZI-UOA
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