Looking At McDonald's's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Recent options activity for McDonald's (NYSE:MCD) shows a bullish trend among investors, with 62% of trades being bullish. The focus is on a price band between $235.0 and $290.0. The largest trades have been calls, particularly bullish towards the $277.50 strike price. McDonald's, a leading restaurant owner-operator, has seen its stock price slightly decrease to $282.63. Analysts have set an average price target of $325.0, with TD Cowen rating it as Outperform.
March 22, 2024 | 8:30 pm
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McDonald's shows bullish options activity, with a focus on $235-$290. Analysts set a $325 target, and the stock is slightly down at $282.63.
The bullish options activity, especially in calls, indicates investor optimism about McDonald's future stock price. The analyst rating from TD Cowen, setting a target of $325, further supports this positive outlook. However, the slight decrease in stock price and the approach towards an oversold RSI value suggest a cautious optimism.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100