McDonald's Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A whale has taken a bearish stance on McDonald's (NYSE:MCD) with 57% of detected unusual options trades being bearish. The total trade amount for puts is $263,855, while calls amount to $1,089,955. Whales have been targeting a price range of $140 to $315 for McDonald's over the last 3 months. TD Cowen maintains an Outperform rating with a price target of $326.
June 05, 2023 | 5:47 pm
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A whale has taken a bearish stance on McDonald's with 57% of detected unusual options trades being bearish. The total trade amount for puts is $263,855, while calls amount to $1,089,955. Whales have been targeting a price range of $140 to $315 for McDonald's over the last 3 months.
The bearish stance taken by a whale with a significant amount of money to spend on McDonald's options indicates a potential short-term negative impact on the stock price. The fact that 57% of the unusual options trades are bearish suggests that there is a higher probability of the stock price going down in the short term. Additionally, the large trade amounts for both puts and calls show that there is significant interest in McDonald's options, which could lead to increased volatility in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100