Eleventh-Hour Traders Swarm Chipotle Mexican Grill (CMG)

Chipotle Mexican Grill, Inc. (CMG) is seeing tons of activity in the weekly 4/10 option series

Digital Content Group
Apr 10, 2015 at 1:50 PM
facebook X logo linkedin


Chipotle Mexican Grill, Inc. (NYSE:CMG) is up 4.7% this afternoon at $682.82, but remains slightly lower year-to-date. Meanwhile, last-minute options traders are extremely active -- especially on the call side, where intraday volume quadruples what's expected.

Specifically, the weekly 4/10 series of options is stealing the show, with each of the top five strikes expiring at today's close. In the lead is the weekly 4/10 690-strike call, which speculators are buying to open in the hopes CMG will topple $690 by tonight's close, when the series ceases trading. Others are selling to open the weekly 4/10 675-strike put, expecting the restaurant stock to maintain its foothold atop this level over the next two hours.

Taking a step back, Chipotle Mexican Grill, Inc. (NYSE:CMG) calls have been strongly preferred over puts, among options with a shelf-life of three months or less. The equity's Schaeffer's put/call open interest ratio (SOIR) of 0.86 ranks below 99% of comparable readings from the past year, suggesting the current call-focus among short-term traders is more pronounced than usual.

 

Unlock Weekend Profits with Chris Prybal's Favorite Strategy Up +487.5% in 2024

With the markets going left, right, and sideways, you need to have a plan now more than ever. 

Expert Trader Chris Prybal is no stranger to volatility, and has mastered finding big stock rallies while other traders aren't looking over the weekend. Rallies that produced gains like +207% on RTX calls, +236% on MARA calls, and +238% on NET calls.

A few simple moves on Sunday at 7pm could be the “Secret Sauce” your portfolio needs to not just stay afloat, but make unprecedented gains in this turbulent market.


Don’t sit on the sidelines, beat the market with Chris Prybal's strategy. Join him now!

 

 
 
 


 
 

Rainmaker Ads CGI