I think fast-casual names like SG, CMG, and CAVA could be setting up for a rebound. All it may take is one strong earnings report - whether it’s driven by unit growth, improved traffic, or margin recovery to spark a move higher, with the rest of the group likely to follow in sympathy. Options are cheap right now, which makes calls particularly attractive at these levels.
CMG is severely oversold and it bounced off a major support line from '23 today.
I slightly doubted their SG post yesterday and now it's up 5.7%. At this point I just need to turn off my brain and send it with HIMS because of Onegai Muscle.