Chipotle Mexican Grill Unusual Options Activity For August 30
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bullish stance on Chipotle Mexican Grill (NYSE:CMG), with 60% of recent trades being bullish and 40% bearish. The total amount for puts was $190,510 and for calls was $263,624. The targeted price range for the stock over the last 3 months has been $1800.0 to $1920.0. The current price of CMG is up 1.34% at $1928.6, and the next earnings are expected in 55 days.
August 30, 2023 | 3:16 pm
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Bullish stance taken on Chipotle Mexican Grill with 60% of recent trades being bullish. The targeted price range for the stock over the last 3 months has been $1800.0 to $1920.0. The current price of CMG is up 1.34% at $1928.6.
The bullish stance taken by a significant investor, along with the targeted price range and the current upward trend in price, suggests a positive short-term impact on the stock. However, the fact that 40% of recent trades were bearish and the stock may be approaching overbought according to RSI indicators introduces some uncertainty.
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