Chipotle Mexican Grill Unusual Options Activity
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, 63% were bearish and 36% bullish. The total amount for puts was $218,186 and for calls was $216,520. Whales have been targeting a price range from $1660.0 to $2950.0 for Chipotle over the last 3 months. The current price of CMG is up 0.28% at $1871.29. Several experts have downgraded their ratings but maintained high price targets.
September 22, 2023 | 7:15 pm
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Unusual options activity detected for Chipotle Mexican Grill. Majority of investors taking a bearish stance.
The unusual options activity, with a majority of investors taking a bearish stance, indicates a potential decrease in the stock price of Chipotle Mexican Grill in the short term. This is further supported by the downgrades from experts, despite maintaining high price targets.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100