Chipotle Mexican Grill Unusual Options Activity For August 14
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been detected for Chipotle Mexican Grill (NYSE:CMG), with a bearish stance being taken by a majority of investors. Of the 11 strange trades detected, 45% were bullish and 54% were bearish. The total amount for puts was $365,090 and for calls was $292,422. The price range targeted by whales over the last 3 months is from $1020.0 to $2080.0. The current price of CMG is up 1.22% at $1869.04. Analysts from various firms have maintained their ratings on CMG, with price targets ranging from $1950 to $2300.
August 14, 2023 | 3:01 pm
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Unusual options activity has been detected for Chipotle Mexican Grill (NYSE:CMG), with a bearish stance being taken by a majority of investors. The current price of CMG is up 1.22% at $1869.04. Analysts from various firms have maintained their ratings on CMG, with price targets ranging from $1950 to $2300.
The unusual options activity indicates that there is a significant interest in the stock, which could lead to increased volatility. The bearish stance taken by a majority of investors could potentially put downward pressure on the stock. However, the current price of CMG is up and analysts have maintained their ratings, indicating a positive outlook for the stock. Therefore, the short-term impact on the stock price is neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100