This Is What Whales Are Betting On McDonald's

A whale with a lot of money to spend has taken a noticeably bearish stance on McDonald's.

Looking at options history for McDonald's MCD we detected 18 strange trades.

If we consider the specifics of each trade, it is accurate to state that 27% of the investors opened trades with bullish expectations and 72% with bearish.

From the overall spotted trades, 15 are puts, for a total amount of $820,312 and 3, calls, for a total amount of $180,350.

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 $200.0 to $260.0 for McDonald's over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for McDonald's options trades today is 333.71 with a total volume of 4,758.00.

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 $200.0 to $260.0 over the last 30 days.

McDonald's Option Volume And Open Interest Over Last 30 Days

Options Call Chart

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
MCD PUT SWEEP BEARISH 03/18/22 $260.00 $154.0K 1.8K 202
MCD PUT SWEEP BEARISH 03/18/22 $260.00 $126.2K 1.8K 647
MCD CALL SWEEP BULLISH 06/17/22 $220.00 $70.5K 102 40
MCD PUT SWEEP BEARISH 03/18/22 $260.00 $64.0K 1.8K 393
MCD PUT SWEEP BEARISH 03/18/22 $260.00 $63.0K 1.8K 271

Where Is McDonald's Standing Right Now?

  • With a volume of 1,552,663, the price of MCD is down -1.41% at $249.14.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 64 days.

What The Experts Say On McDonald's:

  • Barclays has decided to maintain their Overweight rating on McDonald's, which currently sits at a price target of $305.
  • Keybanc has decided to maintain their Overweight rating on McDonald's, which currently sits at a price target of $285.

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 are already an options trader or would like to get started, head on over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date of Trade
ticker
Put/Call
Strike Price
DTE
Sentiment
Posted In: OptionsMarketsBZI-UOA
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!