Financial giants have made a conspicuous bearish move on McDonald's. Our analysis of options history for McDonald's MCD revealed 12 unusual trades.
Delving into the details, we found 33% of traders were bullish, while 66% showed bearish tendencies. Out of all the trades we spotted, 10 were puts, with a value of $1,283,489, and 2 were calls, valued at $71,965.
Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $240.0 to $350.0 for McDonald's during the past quarter.
Volume & Open Interest Trends
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in McDonald's's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to McDonald's's substantial trades, within a strike price spectrum from $240.0 to $350.0 over the preceding 30 days.
McDonald's 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| MCD | PUT | TRADE | BEARISH | 05/17/24 | $285.00 | $796.8K | 213 | 1.2K |
| MCD | PUT | TRADE | BEARISH | 05/17/24 | $285.00 | $133.0K | 213 | 1.4K |
| MCD | PUT | SWEEP | BEARISH | 03/15/24 | $290.00 | $91.7K | 3.1K | 755 |
| MCD | PUT | TRADE | BEARISH | 03/28/24 | $290.00 | $45.8K | 753 | 261 |
| MCD | CALL | TRADE | BEARISH | 06/21/24 | $240.00 | $43.9K | 148 | 9 |
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 1,716,073, the price of MCD is down by -0.29%, reaching $293.47.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 41 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.
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