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McDonald's Unusual Options Activity For June 04
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McDonald's Unusual Options Activity For June 04
Jun 4, 2024 8:49 AM

Whales with a lot of money to spend have taken a noticeably bearish stance on McDonald's.

Looking at options history for McDonald's we detected 9 trades.

If we consider the specifics of each trade, it is accurate to state that 33% of the investors opened trades with bullish expectations and 66% with bearish.

From the overall spotted trades, 5 are puts, for a total amount of $308,812 and 4, calls, for a total amount of $241,825.

Predicted Price Range

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $230.0 to $300.0 for McDonald's over the recent three months.

Analyzing Volume & Open Interest

In terms of liquidity and interest, the mean open interest for McDonald's options trades today is 221.44 with a total volume of 646.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for McDonald's's big money trades within a strike price range of $230.0 to $300.0 over the last 30 days.

McDonald's 30-Day Option Volume & Interest Snapshot

Noteworthy Options Activity:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
MCD PUT SWEEP BULLISH 06/21/24 $31.4 $28.1 $30.25 $290.00 $117.9K 254 0
MCD CALL TRADE BULLISH 09/20/24 $11.8 $11.4 $11.68 $260.00 $105.1K 573 100
MCD PUT SWEEP BEARISH 12/20/24 $16.5 $15.95 $16.5 $270.00 $94.0K 398 57
MCD CALL TRADE BEARISH 08/16/24 $34.95 $33.3 $33.83 $230.00 $50.7K 22 16
MCD CALL SWEEP BULLISH 12/20/24 $8.8 $8.75 $8.8 $275.00 $50.1K 133 57

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.

Present Market Standing of McDonald's

With a volume of 785,300, the price of MCD is up 0.13% at $260.09.

RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.

Next earnings are expected to be released in 51 days.

Expert Opinions on McDonald's

Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $297.6666666666667.

An analyst from B of A Securities has decided to maintain their Neutral rating on McDonald's, which currently sits at a price target of $288.

Consistent in their evaluation, an analyst from JP Morgan keeps a Overweight rating on McDonald's with a target price of $300.

In a cautious move, an analyst from TD Cowen downgraded its rating to Buy, setting a price target of $305.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest McDonald's options trades with real-time alerts from Benzinga Pro.

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