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Exploring Chipotle Mexican Grill’s Options Market Dynamics A Closer Look at Chipotle Mexican Grill’s Options Market Dynamics – Chipotle Mexican Grill (NYSE:CMG)


Deep-pocketed investors have taken a bearish stance towards Chipotle Mexican Grill CMG. This significant move could signal an impending shift in market sentiment. Benzinga’s options scanner revealed 11 extraordinary options activities for Chipotle Mexican Grill. The prevailing mood among these heavyweight investors is divided, with 18% bullish and 81% bearish sentiments.

The analysis of trading volumes and open interest indicates a focus on a price band between $2200.0 and $3000.0 for Chipotle Mexican Grill, spanning the last three months.

Assessing the volume and open interest provides insight into the liquidity and investor interest in Chipotle Mexican Grill’s options at specified strike prices. The data visualizes the fluctuation in volume and open interest for both calls and puts, between $2200.0 and $3000.0 over the preceding 30 days.

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

SymbolPUT/CALLTrade TypeSentimentExp. DateStrike PriceTotal Trade PriceOpen InterestVolume
CMGPUTSWEEPBEARISH06/21/24$2200.00$122.0K31650
CMGPUTTRADEBEARISH03/15/24$2690.00$102.4K4113
CMGPUTSWEEPBEARISH03/15/24$2690.00$64.0K415
CMGPUTTRADEBULLISH01/17/25$2250.00$46.1K1815
CMGCALLTRADENEUTRAL01/17/25$2500.00$34.9K1401

About Chipotle Mexican Grill

Chipotle Mexican Grill is the largest fast-casual chain restaurant in the United States, with systemwide sales of $9.9 billion in 2023. The Mexican concept is predominately company-owned, with a footprint of nearly 3,440 stores at the end of 2023. Chipotle sells burritos, burrito bowls, tacos, quesadillas, and beverages, with a selling proposition built around competitive prices, high-quality food sourcing, speed of service, and convenience. The company generates its revenue entirely from restaurant sales and delivery fees.

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In light of the recent options history for Chipotle Mexican Grill, it’s now appropriate to focus on the company itself. We aim to explore its current performance.

Present Market Standing of Chipotle Mexican Grill

  • With a trading volume of 25,920, the price of CMG is down by 0.0%, reaching $2580.2.
  • Current RSI values indicate that the stock may be approaching overbought.
  • Next earnings report is scheduled for 62 days from now.

Professional Analyst Ratings for Chipotle Mexican Grill

In the last month, 5 experts released ratings on this stock with an average target price of $2177.8.

  • In a cautious move, an analyst from Wedbush downgraded its rating to Neutral, setting a price target of $2400.
  • An analyst from Truist Securities persists with their Buy rating on Chipotle Mexican Grill, maintaining a target price of $2920.
  • Consistent in their evaluation, an analyst from Stifel keeps a Buy rating on Chipotle Mexican Grill with a target price of $2560.
  • An analyst from Barclays has decided to maintain their Underweight rating on Chipotle Mexican Grill, which currently sits at a price target of $9.
  • An analyst from Stephens & Co. persists with their Overweight rating on Chipotle Mexican Grill, maintaining a target price of $3000.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Chipotle Mexican Grill with Benzinga Pro for real-time alerts.