Financial giants have made a conspicuous bullish move on McDonald's. Our analysis of options history for McDonald's MCD revealed 15 unusual trades.
Delving into the details, we found 40% of traders were bullish, while 26% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $171,647, and 10 were calls, valued at $453,129.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $170.0 to $300.0 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 $170.0 to $300.0 in the last 30 days.
McDonald's 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MCD | CALL | TRADE | NEUTRAL | 09/20/24 | $11.2 | $10.8 | $11.02 | $260.00 | $110.2K | 406 | 163 |
| MCD | CALL | TRADE | BEARISH | 06/20/25 | $7.7 | $7.0 | $7.2 | $300.00 | $72.0K | 1.0K | 113 |
| MCD | CALL | TRADE | NEUTRAL | 01/17/25 | $21.75 | $21.05 | $21.35 | $250.00 | $42.7K | 607 | 21 |
| MCD | CALL | SWEEP | BULLISH | 06/07/24 | $1.14 | $0.85 | $1.04 | $262.50 | $40.9K | 1.0K | 1.1K |
| MCD | PUT | TRADE | BEARISH | 12/20/24 | $3.95 | $3.7 | $3.95 | $230.00 | $39.5K | 77 | 100 |
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.
Present Market Standing of McDonald's
- With a volume of 1,196,529, the price of MCD is up 0.58% at $258.7.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 52 days.
What The Experts Say On McDonald's
3 market experts have recently issued ratings for this stock, with a consensus target price of $297.6666666666667.
- An analyst from JP Morgan has decided to maintain their Overweight rating on McDonald's, which currently sits at a price target of $300.
- Reflecting concerns, an analyst from TD Cowen lowers its rating to Buy with a new price target of $305.
- Maintaining their stance, an analyst from B of A Securities continues to hold a Neutral rating for McDonald's, targeting a price of $288.
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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