What Are Whales Doing With Chipotle Mexican Grill

What Are Whales Doing With Chipotle Mexican Grill

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

Looking at options history for Chipotle Mexican Grill CMG we detected 12 strange trades.

If we consider the specifics of each trade, it is accurate to state that 66% of the investors opened trades with bullish expectations and 33% with bearish.

From the overall spotted trades, 7 are puts, for a total amount of $405,000 and 5, calls, for a total amount of $202,290.

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 $1250.0 to $1620.0 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 33.5 with a total volume of 71.00.

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 $1250.0 to $1620.0 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 PUT TRADE BULLISH 03/17/23 $1600.00 $92.0K 44 5
CMG PUT TRADE BULLISH 03/17/23 $1350.00 $84.5K 32 0
CMG PUT TRADE BULLISH 03/17/23 $1390.00 $67.5K 12 0
CMG PUT TRADE NEUTRAL 10/14/22 $1500.00 $59.4K 6 18
CMG CALL TRADE BULLISH 10/07/22 $1470.00 $52.5K 0 7

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
CMG PUT TRADE BULLISH 03/17/23 $1600.00 $92.0K 44 5
CMG PUT TRADE BULLISH 03/17/23 $1350.00 $84.5K 32 0
CMG PUT TRADE BULLISH 03/17/23 $1390.00 $67.5K 12 0
CMG PUT TRADE NEUTRAL 10/14/22 $1500.00 $59.4K 6 18
CMG CALL TRADE BULLISH 10/07/22 $1470.00 $52.5K 0 7

Where Is Chipotle Mexican Grill Standing Right Now?

  • With a volume of 28,814, the price of CMG is down -1.33% at $1522.88.
  • RSI indicators hint that the underlying stock may be approaching oversold.
  • Next earnings are expected to be released in 25 days.

What The Experts Say On Chipotle Mexican Grill:

  • Cowen & Co. has decided to maintain their Outperform rating on Chipotle Mexican Grill, which currently sits at a price target of $1950.
  • Bernstein downgraded its action to Outperform with a price target of $2000
  • Stephens & Co. downgraded its action to Overweight with a price target of $1900

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.

Posted In: BZI-UOAOptionsMarkets