McDonald's Unusual Options Activity For August 17
Portfolio Pulse from Benzinga Insights
A significant bearish stance on McDonald's (NYSE:MCD) has been observed through unusual options activity. The sentiment among these big-money traders is split between 30% bullish and 69% bearish. The whales have been targeting a price range from $120.0 to $310.0 for McDonald's over the last 3 months. The current price of MCD is down -1.04% at $282.44. Several financial institutions have maintained their ratings on McDonald's with price targets ranging from $310 to $340.
August 17, 2023 | 7:30 pm
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Unusual options activity indicates a bearish sentiment towards McDonald's. The current price is down -1.04% at $282.44. Analysts have maintained their ratings with price targets ranging from $310 to $340.
The unusual options activity, with a predominantly bearish sentiment, indicates that traders expect the price of McDonald's stock to decrease. This, combined with the current price decrease of -1.04%, suggests a negative short-term impact on the stock. However, the maintained ratings and price targets from analysts indicate a positive outlook in the longer term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100