Whales with a lot of money to spend have taken a noticeably bearish stance on McDonald's.
Looking at options history for McDonald's MCD we detected 11 trades.
If we consider the specifics of each trade, it is accurate to state that 45% of the investors opened trades with bullish expectations and 54% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $168,742 and 8, calls, for a total amount of $407,632.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $255.0 to $310.0 for McDonald's over the recent three months.
Analyzing Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for McDonald's's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of McDonald's's whale trades within a strike price range from $255.0 to $310.0 in the last 30 days.
McDonald's Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| MCD | CALL | TRADE | BULLISH | 06/21/24 | $300.00 | $165.1K | 1.1K | 132 |
| MCD | PUT | SWEEP | NEUTRAL | 01/26/24 | $302.50 | $90.0K | 419 | 283 |
| MCD | CALL | SWEEP | BULLISH | 07/19/24 | $305.00 | $51.3K | 95 | 45 |
| MCD | CALL | SWEEP | BULLISH | 06/21/24 | $300.00 | $45.8K | 1.1K | 158 |
| MCD | PUT | SWEEP | BEARISH | 01/26/24 | $300.00 | $39.5K | 1.1K | 398 |
About McDonald's
McDonald's is the largest restaurant owner-operator in the world, with 2022 system sales of $116 billion across more than 40,000 stores and 115 markets. McDonald's pioneered the franchise model, building its footprint through partnerships with independent restaurant franchisees and master franchise partners around the globe. The firm earns roughly 60% of its revenue from franchise royalty fees and lease payments, with most of the remainder coming from company-operated stores across its three core segments: the United States, internationally operated markets, and international developmental/licensed markets.
After a thorough review of the options trading surrounding McDonald's, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Where Is McDonald's Standing Right Now?
- With a trading volume of 1,279,910, the price of MCD is up by 0.23%, reaching $301.12.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 11 days from now.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for McDonald's, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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