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

Looking at options history for Chipotle Mexican Grill (NYSE:CMG) we detected 10 trades.

If we consider the specifics of each trade, it is accurate to state that 70% of the investors opened trades with bullish expectations and 30% with bearish.

From the overall spotted trades, 5 are puts, for a total amount of $233,647 and 5, calls, for a total amount of $177,650.

Projected Price Targets

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $52.0 to $70.0 for Chipotle Mexican Grill over the recent three months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Chipotle Mexican Grill options trades today is 1859.78 with a total volume of 1,300.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Chipotle Mexican Grill's big money trades within a strike price range of $52.0 to $70.0 over the last 30 days.

Chipotle Mexican Grill Call and Put Volume: 30-Day Overview

Largest Options Trades Observed:

About Chipotle Mexican Grill

Chipotle Mexican Grill's Current Market Status

• Currently trading with a volume of 3,410,182, the CMG's price is down by -1.57%, now at $60.84.
• RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
• Anticipated earnings release is in 22 days.

Expert Opinions on Chipotle Mexican Grill

5 market experts have recently issued ratings for this stock, with a consensus target price of $2714.4.

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.