Whales with a lot of money to spend have taken a noticeably bullish stance on McDonald’s. Looking at options history for McDonald’s (MCD) we detected 8 trades. Of these trades, 62% of investors opened trades with bullish expectations and 37% with bearish expectations. The total amount of puts traded was $67,063, while calls totaled $1,166,745.
After evaluating the trading volumes and Open Interest, it’s evident that major market movers are focusing on a price band between $235.0 and $290.0 for McDonald’s over the last three months.
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 options at specified strike prices. The fluctuation in volume and open interest for both calls and puts, linked to McDonald’s substantial trades, within a strike price spectrum from $235.0 to $290.0 over the preceding 30 days shows significant activity in the options market for McDonald’s.
The largest options trades observed for McDonald’s include both bullish and bearish sentiments, with varying trade types and total trade prices. These trades indicate a significant interest in options trading for McDonald’s among investors.
McDonald’s is the largest restaurant owner-operator in the world, with 2023 system sales of $130 billion across nearly 42,000 stores and 115 markets. The firm earns revenue from franchise royalty fees and lease payments, with most of the remainder coming from company-operated stores across its core segments. In light of the recent options history for McDonald’s, it’s now appropriate to focus on the company itself and explore its current performance.
Currently, McDonald’s has a trading volume of 2,409,902, with a price of $282.63. The stock is down by -0.32%, and current RSI values indicate that the stock may be approaching oversold territory. The next earnings report is scheduled for 32 days from now.
Professional analysts have given their take on McDonald’s stock, setting an average price target of $325.0. An analyst from TD Cowen has revised its rating downward to Outperform, adjusting the price target to $325.
Trading options involves risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Stay updated on the latest options trades for McDonald’s with Benzinga Pro for real-time alerts.
