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Looking At McDonald's's Recent Whale Trades

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 12 strange 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, 4 are puts, for a total amount of $152,244 and 8, calls, for a total amount of $290,211.

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 $230.0 to $270.0 for McDonald’s over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for McDonald’s’s options for a given strike price.

Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of McDonald’s’s whale activity within a strike price range from $230.0 to $270.0 in the last 30 days.

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

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
MCD CALL SWEEP BULLISH 12/16/22 $260.00 $68.4K 270 77
MCD PUT SWEEP BEARISH 11/18/22 $260.00 $47.4K 309 45
MCD CALL TRADE BEARISH 01/20/23 $270.00 $45.0K 4.0K 73
MCD PUT SWEEP BEARISH 09/16/22 $240.00 $41.0K 5.1K 359
MCD CALL SWEEP NEUTRAL 01/20/23 $260.00 $35.6K 3.8K 55
Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
MCD CALL SWEEP BULLISH 12/16/22 $260.00 $68.4K 270 77
MCD PUT SWEEP BEARISH 11/18/22 $260.00 $47.4K 309 45
MCD CALL TRADE BEARISH 01/20/23 $270.00 $45.0K 4.0K 73
MCD PUT SWEEP BEARISH 09/16/22 $240.00 $41.0K 5.1K 359
MCD CALL SWEEP NEUTRAL 01/20/23 $260.00 $35.6K 3.8K 55

Where Is McDonald’s Standing Right Now?

  • With a volume of 1,211,048, the price of MCD is down -0.62% at $259.02.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 82 days.

What The Experts Say On McDonald’s:

  • Citigroup has decided to maintain their Neutral rating on McDonald’s, which currently sits at a price target of $275.
  • Deutsche Bank has decided to maintain their Buy rating on McDonald’s, which currently sits at a price target of $263.
  • Credit Suisse has decided to maintain their Outperform rating on McDonald’s, which currently sits at a price target of $287.
  • BMO Capital has decided to maintain their Outperform rating on McDonald’s, which currently sits at a price target of $285.
  • Morgan Stanley 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 want to stay updated on the latest options trades for McDonald’s, Benzinga Pro gives you real-time options trades alerts.

This post was originally published on this site

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