Consumer Discretionary

CAVA Group, Inc. (CAVA) options and signal

Figures as of 28 Sep 2026

CAVA is CAVA Group, Inc., a Consumer Discretionary name the model ranks every trading day. The options figures are from the close on 28 Sep 2026. The model's figures are from 25 Sep 2026, one trading day behind the latest, as the Free plan shows them. Every model figure is paper trading.

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At a glance

Figure	Value	Date
IV rank	51 of 100	28 Sep
At the money IV	55.2%	28 Sep
Priced move to 30 Oct	16.1% down, 18.4% up	28 Sep
Call wall and put wall	55 and 50	28 Sep
Signal and the desk's view	No signal, view neutral	25 Sep
Last close	51.58	28 Sep
Next report	10 Nov 2026	28 Sep

Options Snapshot

CAVA's IV rank is 51 of 100 on 28 Sep 2026.

Figure	Value
IV rank	51 of 100
At the money IV	55.2%, near month, 32 days
Put/call ratio, open interest	1.16
Call open interest, strikes captured near the price	43,700 contracts
Put open interest, strikes captured near the price	50,600 contracts
Cost to trade at the money	Fair, 21.9% of the option's mid price

IV rank is where the at the money IV sits among CAVA's own weekly readings, 0 the lowest and 100 the highest.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Priced Range

On 28 Sep 2026, CAVA options priced a move of 16.1 percent down and 18.4 percent up by 30 Oct 2026.

Expiry	Days	Down	Up	Range
2 Oct 2026	4	5.3%	5.8%	48.84 to 54.55
9 Oct 2026	11	9.4%	9.8%	46.71 to 56.62
23 Oct 2026	25	13.7%	14.8%	44.53 to 59.20
30 Oct 2026	32	16.1%	18.4%	43.29 to 61.08
20 Nov 2026	53	23.5%	25.0%	39.48 to 64.48
18 Dec 2026	81	27.9%	30.2%	37.18 to 67.18
19 Mar 2027	172	38.0%	45.4%	31.98 to 74.98

The range is one standard deviation either side of the close of 51.58, as the option prices imply it.

A priced move restates option prices at the close and says nothing certain about where the price goes.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Gamma Map

On 28 Sep 2026, CAVA's call wall is the 55 strike and its put wall is the 50 strike.

Figure	Value
Call wall, most open call gamma	55
Put wall, most open put gamma	50
Net dollar gamma, calls minus puts	minus $1.05 million
Total dollar gamma, both sides	$7.2 million
Close	51.58

Dollar gamma is stated for a one percent move in the price.

Net is calls minus puts under the standard convention, not a record of who holds the contracts.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility History

On 28 Sep 2026, CAVA's at the money IV is 55.2 percent against 20 day realized volatility of 53.5 percent.

Figure	Value
At the money IV	55.2%
Realized volatility, 20 trading days	53.5%
Realized volatility, 60 trading days	58.2%
IV against its own weekly record	In the middle
Weekly readings on record	141, from 4 Aug 2023
Weeks the price moved more than the one week priced move	32.9% of 140 weeks

Realized volatility is worked out from the daily closes the desk holds, not from the option chain.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility Weather

On 28 Sep 2026, CAVA's at the money IV runs from 56.4 percent at 4 days to 58.8 percent at 172 days.

Days to expiry	At the money IV
4	56.4%
11	55.3%
18	54.2%
25	54.3%
39	60.6%
53	62.7%
81	60.9%
172	58.8%

Far expiries price more volatility than near ones, an upward sloping term structure.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility Smile

On 28 Sep 2026, at the 32 day expiry, CAVA's IV ten percent below the price sits 1.7 points below at the money IV.

Strike area	Implied volatility	Against at the money
10% below the price	53.5%	-1.7 points
At the money	55.2%	0.0 points
10% above the price	59.7%	+4.5 points

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility Surface

On 28 Sep 2026, CAVA's surface spans 10 expiries out to 172 days, with IV from 51.5 to 66.8 percent near the price.

Figure	Value
Expiries captured	10
Nearest expiry	2 Oct 2026, 4 days
Farthest expiry	19 Mar 2027, 172 days
Points within 10% of the price, 7 days out or more	65
Lowest IV among them	51.5%
Highest IV among them	66.8%

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Expiry Ladder

On 28 Sep 2026, CAVA has 10 captured expiries, from 2 Oct 2026 to 19 Mar 2027.

Expiry	Days	At the money IV	Call open interest	Put open interest
2 Oct 2026	4	56.4%	1,717	1,862
9 Oct 2026	11	55.3%	464	745
16 Oct 2026	18	54.2%	13,633	12,079
23 Oct 2026	25	54.3%	429	621
30 Oct 2026	32	55.2%	664	949
6 Nov 2026	39	60.6%	70	106
20 Nov 2026	53	62.7%	970	516
18 Dec 2026	81	60.9%	11,076	22,566
15 Jan 2027	109	59.6%	13,567	8,006
19 Mar 2027	172	58.8%	1,150	3,186

Open interest is summed over the strikes captured near the price on each expiry.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Strike Table

On 28 Sep 2026, CAVA's largest open interest sits at the 55 strike, with 13,503 contracts across the captured expiries.

Strike	Call open interest	Put open interest	Total
55	10,459	3,044	13,503
50	2,494	11,005	13,499
40	454	12,301	12,755
60	5,362	4,376	9,738
65	3,640	5,981	9,621
70	3,131	1,535	4,666

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Since Yesterday

From 25 Sep 2026 to 28 Sep 2026, CAVA's at the money IV moved from 55.8 percent to 55.2 percent.

Figure	25 Sep	28 Sep	Change
At the money IV	55.8%	55.2%	-0.6 points
Open interest, strikes captured near the price	93,253	94,376	+1,123
Put/call ratio, open interest	1.36	1.16	-0.21

Open interest changes cannot identify buyers or sellers.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Changed Hands

On 28 Sep 2026, 9,812 CAVA option contracts traded, 1.0 times its own recent average.

Figure	Value
Calls traded	6,496
Puts traded	3,316
Against its recent average	1.0 times
Busier than	10 of its last 20 trading days
Open interest, whole chain	142,160 contracts
Volume to open interest	0.07
Unusual volume flag	Yes, 1 contract traded well above open interest
Largest flagged contract	The 56 call expiring 2 Oct, 279 traded against 115 open

Traded volume and open interest are shown side by side and never combined. Open interest changes cannot identify buyers or sellers.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Positioning Replay

The replay holds 33 trading days of CAVA's option positioning, from 11 Aug 2026 to 28 Sep 2026.

Date	Close	Net dollar gamma	Top call strike	Top put strike
11 Aug 2026	60.81	minus $1.78 million	70	50
21 Sep 2026	52.00	minus $1.03 million	55	50
28 Sep 2026	51.58	minus $1.05 million	55	50

Each frame restates one nightly capture. Net is calls minus puts, a convention, not who holds the contracts.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Read-out

On 25 Sep 2026 the desk's view of CAVA was neutral, paper trading.

Figure	Value
Side	Neutral at 45 trading days, no signal
Level above the close	53.91, the swing high of 10 Sep 2026
Level below the close	49.67, the swing low of 16 Sep 2026
Strategy family	Iron condor (sell both sides, defined risk)
Price target	None. The desk has no price model.

The levels are prices the shares turned at on the chart, with the date of each.

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Rank by Timeframe

On 25 Sep 2026 CAVA sat at the 46th percentile of the model's 45 trading day ranking, paper trading.

Timeframe	Percentile	Side
10 trading days	20 of 100	Neutral
20 trading days	13 of 100	Bearish
45 trading days	46 of 100	Neutral

100 is the top of the ranking. A name in the middle three fifths is neutral.

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Timeframe Agreement

On 25 Sep 2026 CAVA's near timeframes were bearish and its long timeframe was neutral, paper trading.

Group	Timeframes	Side	On that side
Near	10 day, 20 day	Bearish	1 of 2
Long	45 day	Neutral	0 of 1

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Signal History

On 25 Sep 2026 CAVA had carried no signal for at least 18 trading days, paper trading.

Trading day	Signal	45 day percentile
25 Sep 2026	None	46 of 100
24 Sep 2026	None	48 of 100
23 Sep 2026	None	62 of 100
22 Sep 2026	None	42 of 100
21 Sep 2026	None	76 of 100
18 Sep 2026	None	79 of 100
17 Sep 2026	None	72 of 100
16 Sep 2026	None	31 of 100

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Sector Split

On 25 Sep 2026, 27 of 106 Consumer Discretionary names were bullish and 33 were bearish, paper trading.

Sector	Names	Bullish	Bearish	Neutral
Consumer Discretionary	106	27	33	46

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Price Chart

CAVA closed at 51.58 on 28 Sep 2026.

Figure	Value
Last close	51.58
Change over 5 trading days	-0.8%
Change over 21 trading days	-23.0%
Change over 63 trading days	-37.0%
Change over 252 trading days	-17.6%
52 week high	98.79
52 week low	43.41
20 day moving average	55.48
50 day moving average	62.15
200 day moving average	72.28
RSI, 14 days	34

Worked out from the desk's own daily bars, adjusted for share splits.

From the daily bars through 28 Sep 2026. Current on every plan.

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Earnings Radar

CAVA reports next on 10 Nov 2026, a date confirmed by the company.

Figure	Value
Next report	10 Nov 2026, after the close
Date	Confirmed by the company
Move after the report of 11 Aug 2026	+14.2%
Move after the report of 19 May 2026	+3.1%
Move after the report of 24 Feb 2026	+26.4%
Move after the report of 18 Nov 2025	+0.9%

Earnings calendar as of 28 Sep 2026. Current on every plan.

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Company Events

CAVA filed 1 current report in the 14 days to 28 Sep 2026, the latest on 18 Sep 2026.

Filed	Report	What it covers
18 Sep 2026	Current report	Other Events

Filings as of 28 Sep 2026. Current on every plan.

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Seasonality

In the 3 Septembers on record, CAVA's average change was minus 11.0 percent, and it rose in 33.3 percent of them.

Month	Average change	Middle change	Share of years up	Years
September	-11.0%	-10.6%	33.3%	3
October	-0.0%	+3.1%	66.7%	3
November	+1.4%	+5.5%	66.7%	3

Each figure is a month end to month end change in past years. A past month says nothing certain about the next one.

Monthly history through 28 Sep 2026. Current on every plan.

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Headlines

The desk's news feeds carried 2 headlines naming CAVA in the 3 days to 28 Sep 2026.

Figure	Value
Headlines in the window	2
Latest	27 Sep 2026

The titles are in the Headlines window, with the time each was published.

Headlines as of 28 Sep 2026. Current on every plan.

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Questions

What is CAVA's IV rank?: CAVA's IV rank is 51 of 100 on 28 Sep 2026.
What move are CAVA options pricing?: On 28 Sep 2026, CAVA options priced a move of 16.1 percent down and 18.4 percent up by 30 Oct 2026.
Where are CAVA's call wall and put wall?: On 28 Sep 2026, CAVA's call wall is the 55 strike and its put wall is the 50 strike.
What was the desk's latest view of CAVA on the Free plan?: On 25 Sep 2026 the desk's view of CAVA was neutral, paper trading.
When does CAVA report earnings next?: CAVA reports next on 10 Nov 2026, a date confirmed by the company.

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