A whale with a lot of money to spend has taken a noticeably bullish stance on McDonald's.
Looking at options history for McDonald's MCD we detected 20 strange trades.
If we consider the specifics of each trade, it is accurate to state that 60% of the investors opened trades with bullish expectations and 40% with bearish.
From the overall spotted trades, 7 are puts, for a total amount of $378,650 and 13, calls, for a total amount of $638,526.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $220.0 to $265.0 for McDonald's over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
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 activity within a strike price range from $220.0 to $265.0 in the last 30 days.
McDonald's Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| MCD | CALL | TRADE | BULLISH | 11/17/23 | $225.00 | $113.3K | 94 | 31 |
| MCD | PUT | SWEEP | BEARISH | 11/10/23 | $265.00 | $102.9K | 30 | 201 |
| MCD | PUT | SWEEP | BEARISH | 11/10/23 | $265.00 | $101.6K | 30 | 201 |
| MCD | CALL | SWEEP | BULLISH | 11/17/23 | $265.00 | $91.5K | 3.9K | 376 |
| MCD | CALL | TRADE | BULLISH | 01/16/26 | $260.00 | $56.6K | 77 | 16 |
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Where Is McDonald's Standing Right Now?
- With a volume of 1,225,056, the price of MCD is down -0.4% at $261.12.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 90 days.
What The Experts Say On McDonald's:
- RBC Capital downgraded its action to Outperform with a price target of $315
- Stephens & Co. downgraded its action to Overweight with a price target of $325
- Guggenheim has decided to maintain their Buy rating on McDonald's, which currently sits at a price target of $285.
- Stephens & Co. has decided to maintain their Overweight rating on McDonald's, which currently sits at a price target of $300.
- Deutsche Bank downgraded its action to Buy with a price target of $287
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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