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:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CMG | PUT | SWEEP | BULLISH | 07/12/24 | $0.75 | $0.7 | $0.7 | $60.00 | $70.0K | 1.3K | 54 |
| CMG | CALL | TRADE | BEARISH | 12/18/26 | $12.4 | $12.1 | $12.1 | $70.00 | $60.5K | 734 | 1 |
| CMG | PUT | SWEEP | BEARISH | 07/12/24 | $0.6 | $0.6 | $0.6 | $60.00 | $60.0K | 1.3K | 1.1K |
| CMG | PUT | SWEEP | BULLISH | 12/20/24 | $4.5 | $4.4 | $4.4 | $60.30 | $40.0K | 91 | 0 |
| CMG | PUT | TRADE | BULLISH | 06/20/25 | $5.1 | $2.9 | $2.9 | $52.00 | $35.6K | 10.8K | 0 |
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, although it recently inked a development agreement with Alshaya Group in the Middle East. It had a footprint of nearly 3,440 stores at the end of 2023, heavily indexed to the United States, although it maintains a small presence in Canada, the UK, France, and Germany. 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.
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.
- Reflecting concerns, an analyst from Wedbush lowers its rating to Neutral with a new price target of $3200.
- Consistent in their evaluation, an analyst from TD Cowen keeps a Buy rating on Chipotle Mexican Grill with a target price of $72.
- An analyst from TD Cowen persists with their Buy rating on Chipotle Mexican Grill, maintaining a target price of $3600.
- Consistent in their evaluation, an analyst from Baird keeps a Outperform rating on Chipotle Mexican Grill with a target price of $3500.
- An analyst from Wedbush downgraded its action to Neutral with a price target of $3200.
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.