Whales with a lot of money to spend have taken a noticeably bullish stance McDonald’s.
I’m looking at the history of options for McDonald’s MCD we detected 8 operations.
If we consider the specifics of each operation, it is correct to say that 62% of investors opened operations with bullish expectations and 37% with bearish expectations.
Of the total transactions spotted, 2 are puts, for a total amount of $67,063 and 6 are calls, for a total amount of $1,166,745.
Expected price targets
After evaluating trading volumes and Open Interest, it is evident that major market movers are focusing on a price range between $235.0 and $290.0 for McDonald’s, over the past three months.
Volume and open interest analysis
Evaluating 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 specific strike prices. The upcoming data displays the fluctuation in volume and open interest for both calls and puts, related to McDonald’s substantial trades, within a strike price spectrum of $235.0 to $290.0 in the 30 days previous.
Snapshot of McDonald’s 30-day options volume and interest
Largest options trades observed:
| Symbol | PUT/CALL | Type of trade | Feeling | Exp. Date | Strike price | Total commercial price | Open interest | Volume |
|---|---|---|---|---|---|---|---|---|
| MCD | CALL | TRADE | BEARISH | 04/05/24 | $277.50 | $388.0K | 135 | 119 |
| MCD | CALL | TRADE | BULLISH | 03/22/24 | $270.00 | $384.0K | 300 | 300 |
| MCD | CALL | SWEEP | BULLISH | 04/05/24 | $277.50 | $148.7K | 135 | 1.0K |
| MCD | CALL | SWEEP | BULLISH | 04/05/24 | $277.50 | $117.7k | 135 | 601 |
| MCD | CALL | SWEEP | BULLISH | 04/05/24 | $277.50 | $93.0K | 135 | 118 |
About McDonald’s
McDonald’s is the largest restaurant owner-operator in the world, with system revenues of $130 billion in 2023 across nearly 42,000 stores and 115 markets. McDonald’s pioneered the franchising model, building its footprint through partnerships with independent franchise restaurants and master franchise partners around the world. The company earns approximately 60% of its revenue from franchise royalties and lease fees, with most of the remainder coming from company-operated stores in its three main segments: United States, Internationally Operated Markets, and International Markets development/licensing.
In light of the recent history of options for McDonald’s, it is now appropriate to focus on the company itself. Our goal is to explore its current performance.
Current location of McDonald’s
- With a trading volume of 2,409,902, MCD price fell -0.32% to $282.63.
- The current RSI values indicate that the stock may be approaching oversold.
- The next earnings report is expected in 32 days.
Professional analyst ratings for McDonald’s
A total of 1 professional analysts have given their opinion on this stock over the last 30 days, setting an average price target of $325.0.
- An analyst at TD Cowen downgraded his rating to Outperform, adjusting the price target to $325.
Options trading involves higher risks but also offers the potential for higher profits. More experienced traders mitigate these risks through ongoing education, strategic trading adjustments, use of various indicators, and compliance with market dynamics. Stay on top of the latest McDonald’s options trades with Benzinga Pro for real-time alerts.