Financial Giants Stake Their Claim on Cava Group
Financial titans have executed a bold bullish maneuver on Cava Group. An exploration of the options history for Cava Group (CAVA) has unveiled 8 peculiar trades.
Intriguingly, the breakdown reveals that 50% of traders displayed bullish sentiment, while the other half showcased bearish tendencies. Among the identified trades, 3 were puts valued at $92,310, and 5 were calls valued at $215,290.
Predicted Price Range in Focus
An examination of the Volume and Open Interest on these contracts suggests that big players have set their sights on a price bracket ranging from $80.0 to $95.0 for Cava Group over the past 3 months.
Insights into Volume & Open Interest Dynamics
Regarding liquidity and market interest, the mean open interest for Cava Group options trades stands at 652.33, with a total volume of 512.00.
The chart below tracks the evolution of volume and open interest of call and put options for Cava Group’s significant transactions within a strike price range of $80.0 to $95.0 over the last 30 days.
Cava Group Option Activity Analysis Over the Last 30 Days
Spotlight on Noteworthy Options Activity
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CAVA | CALL | SWEEP | BEARISH | 10/18/24 | $8.6 | $8.5 | $8.5 | $90.00 | $56.1K | 2.6K | 79 |
| CAVA | CALL | TRADE | BEARISH | 01/16/26 | $28.7 | $27.8 | $28.0 | $80.00 | $56.0K | 275 | 20 |
| CAVA | CALL | SWEEP | BEARISH | 01/16/26 | $23.3 | $22.6 | $22.6 | $95.00 | $42.9K | 136 | 30 |
| CAVA | PUT | SWEEP | BULLISH | 09/20/24 | $7.9 | $7.8 | $7.8 | $85.00 | $36.6K | 459 | 48 |
| CAVA | CALL | SWEEP | BULLISH | 08/23/24 | $2.7 | $2.65 | $2.7 | $95.00 | $30.4K | 241 | 10 |
About Cava Group Inc
Cava Group Inc owns and operates a chain of restaurants known for their Mediterranean cuisine. It is the trailblazing Mediterranean fast-casual restaurant brand that harmonizes healthful fare with robust, satisfying flavors on a large scale. The company’s dips, spreads, and dressings, produced centrally, are available for sale in grocery stores. Cava Group carries out its business through two distinct segments: CAVA and Zoes Kitchen, deriving a substantial portion of its revenue from the CAVA segment.
Post our analysis of the options activities linked to Cava Group, let’s dive deeper into the company’s current performance.
Evaluating Cava Group’s Current Position
- With a trading volume of 731,694, CAVA has surged by 3.02%, reaching $85.17.
- Current Relative Strength Index (RSI) metrics hint at the stock potentially edging towards overbought territory.
- The upcoming earnings report is slated for 15 days from now.
Analyst Consensus on Cava Group
In the past month, a total of 3 professional analysts have weighed in on this stock, establishing an average price target of $96.67.
- Refusing to waver in their assessment, a Wedbush analyst maintains an Outperform rating on Cava Group, setting a price target at $100.
- Meanwhile, an analyst from Morgan Stanley retains their Overweight outlook on Cava Group, at a price target of $90.
- Not without a hint of caution, a Wedbush analyst downgrades their rating to Outperform, aligning their price target at $100.
While options inherently carry more risk compared to traditional stock trading, they also offer increased profit potential. Seasoned options traders mitigate this risk by staying informed daily, strategically entering and exiting trades, tracking multiple indicators, and vigilantly monitoring market movements.
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