Chipotle Mexican Grill Whale Trades For February 11

Someone with a lot of money to spend has taken a bearish stance on Chipotle Mexican Grill CMG.

And retail traders should know.

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

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with CMG, it often means somebody knows something is about to happen.

So how do we know what this whale just did?

Today, Benzinga's options scanner spotted 42 uncommon options trades for Chipotle Mexican Grill.

This isn't normal.

The overall sentiment of these big-money traders is split between 30% bullish and 69%, bearish.

Out of all of the special options we uncovered, 21 are puts, for a total amount of $1,918,161, and 21 are calls, for a total amount of $1,715,311.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $1000.0 to $1700.0 for Chipotle Mexican Grill over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Chipotle Mexican Grill options trades today is 91.56 with a total volume of 1,964.00.

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 $1000.0 to $1700.0 over the last 30 days.

Chipotle Mexican Grill Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
CMG CALL TRADE BEARISH 01/20/23 $1620.00 $676.7K 130 56
CMG PUT TRADE BEARISH 01/19/24 $1000.00 $665.0K 19 100
CMG PUT TRADE NEUTRAL 03/25/22 $1460.00 $208.8K 1 80
CMG CALL TRADE NEUTRAL 02/11/22 $1400.00 $152.4K 234 4
CMG CALL TRADE NEUTRAL 02/18/22 $1520.00 $116.6K 23 9

Where Is Chipotle Mexican Grill Standing Right Now?

  • With a volume of 305,453, the price of CMG is down -1.13% at $1560.13.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 68 days.

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 are already an options trader or would like to get started, head on over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy.

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Posted In: OptionsMarketsBZI-UOA
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