A Closer Look at Chipotle Mexican Grill's Options Market Dynamics
Portfolio Pulse from Benzinga Insights
Investors with significant capital have taken a bearish stance on Chipotle Mexican Grill (NYSE:CMG), as evidenced by 18 uncommon options trades detected by Benzinga's options scanner. The sentiment is predominantly bearish, with 61% of the trades being puts. The trading activity suggests a price target range of $38.6 to $88.0 over the next three months. Analysts have mixed ratings on CMG, with price targets ranging from $53 to $67.
August 07, 2024 | 3:46 pm
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Investors with significant capital have taken a bearish stance on Chipotle Mexican Grill (NYSE:CMG), as evidenced by 18 uncommon options trades detected by Benzinga's options scanner. The sentiment is predominantly bearish, with 61% of the trades being puts. The trading activity suggests a price target range of $38.6 to $88.0 over the next three months.
The detection of 18 uncommon options trades with a predominantly bearish sentiment (61% puts) indicates that significant investors are expecting a decline in CMG's stock price. This bearish outlook is likely to impact the stock negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100