What Are Whales Doing With Chipotle Mexican Grill

A whale with a lot of money to spend has taken a noticeably bearish stance on Chipotle Mexican Grill.

Looking at options history for Chipotle Mexican Grill CMG we detected 94 strange trades.

If we consider the specifics of each trade, it is accurate to state that 46% of the investors opened trades with bullish expectations and 53% with bearish.

From the overall spotted trades, 4 are puts, for a total amount of $131,885 and 90, calls, for a total amount of $4,017,559.

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 $1300.0 to $2500.0 for Chipotle Mexican Grill over the last 3 months.

Volume & Open Interest Development

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 $1300.0 to $2500.0 in 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 SWEEP BEARISH 03/17/23 $2300.00 $87.9K 106 257
CMG CALL SWEEP BULLISH 06/16/23 $2300.00 $74.6K 183 119
CMG CALL SWEEP BULLISH 06/16/23 $2300.00 $74.2K 183 79
CMG CALL SWEEP BEARISH 06/16/23 $2300.00 $74.0K 183 99
CMG CALL SWEEP BEARISH 06/16/23 $2300.00 $73.0K 183 40

Where Is Chipotle Mexican Grill Standing Right Now?

  • With a volume of 105,089, the price of CMG is up 0.14% at $1615.44.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 48 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 want to stay updated on the latest options trades for Chipotle Mexican Grill, Benzinga Pro gives you real-time options trades alerts.

Market News and Data brought to you by Benzinga APIs
Date of Trade
Strike Price
Posted In: OptionsMarketsBZI-UOA
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!