Deep-pocketed investors have adopted a bearish approach towards Cava Group (NYSE:CAVA), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in CAVA usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 13 extraordinary options activities for Cava Group. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 23% leaning bullish and 53% bearish. Among these notable options, 5 are puts, totaling $285,082, and 8 are calls, amounting to $484,765.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $20.0 to $100.0 for Cava Group during the past quarter.
Volume & Open Interest Trends
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Cava Group'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 Cava Group's whale trades within a strike price range from $20.0 to $100.0 in the last 30 days.
Cava Group Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CAVA | PUT | TRADE | NEUTRAL | 01/17/25 | $8.0 | $7.6 | $7.8 | $70.00 | $156.0K | 1.2K | 4 |
| CAVA | CALL | TRADE | BULLISH | 01/16/26 | $63.1 | $60.7 | $63.1 | $20.00 | $126.2K | 109 | 0 |
| CAVA | CALL | TRADE | BEARISH | 01/16/26 | $47.5 | $46.5 | $46.5 | $40.00 | $93.0K | 760 | 0 |
| CAVA | CALL | TRADE | BULLISH | 08/30/24 | $7.0 | $6.0 | $7.0 | $82.00 | $70.0K | 102 | 200 |
| CAVA | CALL | TRADE | BEARISH | 01/17/25 | $8.2 | $8.0 | $8.0 | $100.00 | $66.4K | 3.3K | 16 |
About Cava Group
Cava Group Inc owns and operates a chain of restaurants. It is the category-defining Mediterranean fast-casual restaurant brand, bringing together healthful food and bold, satisfying flavors at scale. The company's dips, spreads, and dressings are centrally produced and sold in grocery stores. The company's operations are conducted as two reportable segments: CAVA and Zoes Kitchen. The company generates the majority of its revenue from the CAVA segment.
Present Market Standing of Cava Group
- Currently trading with a volume of 903,214, the CAVA's price is down by -1.52%, now at $80.24.
- RSI readings suggest the stock is currently may be oversold.
- Anticipated earnings release is in 26 days.
Expert Opinions on Cava Group
2 market experts have recently issued ratings for this stock, with a consensus target price of $95.0.
- Consistent in their evaluation, an analyst from Wedbush keeps a Outperform rating on Cava Group with a target price of $100.
- An analyst from Morgan Stanley has decided to maintain their Overweight rating on Cava Group, which currently sits at a price target of $90.
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.