Deep-pocketed investors have adopted a bullish approach towards Cava Group (NYSE:CAVA), and it’s something market players shouldn’t ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in CAVA usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga’s options scanner highlighted 8 extraordinary options activities for Cava Group. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 50% leaning bullish and 37% bearish. Among these notable options, 2 are puts, totaling $74,750, and 6 are calls, amounting to $776,573.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $50.0 to $80.0 for Cava Group over the recent three months.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for Cava Group options trades today is 183.5 with a total volume of 2,131.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Cava Group’s big money trades within a strike price range of $50.0 to $80.0 over the last 30 days.
Cava Group 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CAVA | CALL | TRADE | BEARISH | 10/18/24 | $32.0 | $31.5 | $31.5 | $50.00 | $157.5K | 39 | 350 |
| CAVA | CALL | SWEEP | BULLISH | 10/18/24 | $31.5 | $30.8 | $31.5 | $50.00 | $157.5K | 39 | 100 |
| CAVA | CALL | TRADE | BULLISH | 10/18/24 | $31.5 | $31.5 | $31.5 | $50.00 | $157.5K | 39 | 50 |
| CAVA | CALL | SWEEP | NEUTRAL | 10/18/24 | $31.1 | $30.5 | $30.8 | $50.00 | $154.1K | 39 | 600 |
| CAVA | CALL | SWEEP | BEARISH | 05/31/24 | $4.4 | $4.3 | $4.3 | $80.00 | $115.5K | 334 | 815 |
About Cava Group
Cava Group Inc owns and operates a chain of restaurants. It is the category-defining Mediterranean fast-casual restaurant brand, bringing together healthful food and bold, satisfying flavors at scale. The company’s dips, spreads, and dressings are centrally produced and sold in grocery stores. The company’s operations are conducted as two reportable segments: CAVA and Zoes Kitchen….
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