Unpacking the Latest Options Trading Trends in Chipotle Mexican Grill
Portfolio Pulse from Benzinga Insights
Recent options trading trends for Chipotle Mexican Grill (NYSE:CMG) show a bearish sentiment among financial giants, with 73% of trades indicating a bearish outlook. The trading activity suggests a price target range of $1520.0 to $2850.0 for CMG over the next three months. The largest trades include both bullish and neutral calls, with significant trade prices and varying strike prices. Chipotle, with a current price of $2632.16, is considered by some analysts to be overbought. Market experts have issued ratings with a consensus target price of $2532.0, varying from Equal-Weight to Overweight.
February 13, 2024 | 4:15 pm
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NEUTRAL IMPACT
Options trading trends and analyst ratings suggest a bearish sentiment but with a potential price target range of $1520-$2850. Current stock price is $2632.16, with a consensus target price of $2532.0 among analysts.
The bearish sentiment in options trading contrasts with the analyst consensus target price, suggesting uncertainty in short-term price direction. The current price being considered overbought by some analysts adds to this uncertainty, making the short-term impact neutral as the market digests these mixed signals.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100