Chipotle Mexican Grill Unusual Options Activity For May 19
Portfolio Pulse from Benzinga Insights
A whale has taken a bearish stance on Chipotle Mexican Grill (NYSE:CMG) with 73% of detected unusual options trades being bearish. Whales have been targeting a price range of $640 to $2900 for CMG over the last 3 months. The stock is currently up 0.54% at $2107.28.
May 19, 2023 | 4:16 pm
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A whale has taken a bearish stance on Chipotle Mexican Grill (NYSE:CMG) with 73% of detected unusual options trades being bearish. The stock is currently up 0.54% at $2107.28.
The bearish stance taken by a whale with a large amount of money to spend on Chipotle Mexican Grill options indicates a potential negative impact on the stock price in the short term. With 73% of the unusual options trades being bearish, this suggests that the majority of these investors expect the stock price to decline. Additionally, the current stock price is up 0.54% at $2107.28, which may be seen as an opportunity for bearish investors to enter the market.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100