From Nasdaq: 2024-05-16 14:04:42

Deep-pocketed investors are bullish on Cava Group (NYSE:CAVA), with 50% bullish and 37% bearish sentiment among notable options. They are aiming for a price range of $50.0 to $80.0, with significant trading activity in recent months. The company operates Mediterranean fast-casual restaurants and has seen a slight decline in its stock price.

Notable options trades for Cava Group include calls and puts with varying sentiments and expiration dates. The company’s stock price is currently at $78.2, down -0.55%, with RSI indicators suggesting potential overbought conditions. Earnings are expected in 12 days, and traders are advised to monitor market movements closely. Options trading carries risks and rewards, requiring continuous education and strategy adjustments.

Read more at Nasdaq: Cava Group Unusual Options Activity For May 16