Financial giants have made a conspicuous bullish move on McDonald's. Our analysis of options history for McDonald's MCD revealed 13 unusual trades.
Delving into the details, we found 69% of traders were bullish, while 30% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $163,454, and 9 were calls, valued at $4,004,420.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $270.0 and $320.0 for McDonald's, spanning the last three months.
Analyzing Volume & Open Interest
In terms of liquidity and interest, the mean open interest for McDonald's options trades today is 705.86 with a total volume of 6,522.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for McDonald's's big money trades within a strike price range of $270.0 to $320.0 over the last 30 days.
McDonald's Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MCD | CALL | SWEEP | BULLISH | 01/17/25 | $19.85 | $19.6 | $19.85 | $280.00 | $1.4M | 422 | 754 |
| MCD | CALL | SWEEP | BULLISH | 01/17/25 | $19.5 | $19.35 | $19.5 | $280.00 | $1.4M | 422 | 1.2K |
| MCD | CALL | TRADE | BULLISH | 01/17/25 | $19.55 | $19.35 | $19.55 | $280.00 | $488.7K | 422 | 1.2K |
| MCD | CALL | SWEEP | BULLISH | 01/17/25 | $19.8 | $19.6 | $19.8 | $280.00 | $126.7K | 422 | 818 |
| MCD | CALL | TRADE | BULLISH | 01/17/25 | $19.8 | $19.4 | $19.8 | $280.00 | $124.7K | 422 | 958 |
About McDonald's
McDonald's is the largest restaurant owner-operator in the world, with 2023 system sales of $130 billion across nearly than 42,000 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.
Following our analysis of the options activities associated with McDonald's, we pivot to a closer look at the company's own performance.
Current Position of McDonald's
- With a trading volume of 844,972, the price of MCD is down by -0.26%, reaching $279.5.
- Current RSI values indicate that the stock is may be approaching oversold.
- Next earnings report is scheduled for 28 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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