McDonald's Unusual Options Activity For May 23
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for McDonald's (NYSE:MCD) with a bearish stance. Benzinga's options scanner spotted 14 uncommon options trades, with 28% bullish and 71% bearish sentiment. Whales have been targeting a price range of $200 to $300 for McDonald's over the last 3 months.
May 23, 2023 | 2:31 pm
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McDonald's (NYSE:MCD) experiences unusual options activity with a bearish stance. 71% of big-money traders are bearish, targeting a price range of $200 to $300.
The unusual options activity with a predominantly bearish sentiment indicates that big-money traders expect McDonald's stock price to decline in the short term. This bearish stance could lead to a negative impact on the stock price as more traders follow suit and sell their positions.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100