Looking At Chipotle Mexican Grill's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for Chipotle Mexican Grill (NYSE:CMG), with a bearish stance taken by a whale investor. Of the 21 strange trades detected, 47% were bullish and 52% were bearish. The total amount for puts was $1,099,330 and for calls was $429,492. The targeted price range for the last 3 months was from $1040.0 to $2320.0. The current price of CMG is down -0.19% at $1941.4. Wedbush has downgraded its action to Outperform with a price target of $2200.
September 11, 2023 | 5:31 pm
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Chipotle Mexican Grill has seen significant unusual options activity, with a bearish stance taken by a whale investor. The targeted price range for the last 3 months was from $1040.0 to $2320.0. The current price of CMG is down -0.19% at $1941.4.
The bearish stance taken by a whale investor and the significant amount of unusual options activity could potentially impact the stock price of Chipotle Mexican Grill in the short term. The targeted price range for the last 3 months was from $1040.0 to $2320.0, indicating a wide range of price expectations. The current price of CMG is down -0.19% at $1941.4, which is within this range. However, the bearish sentiment could potentially drive the price towards the lower end of this range.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100