Behind the Scenes of McDonald's's Latest Options Trends
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have adopted a bearish approach towards McDonald's (NYSE:MCD), as revealed by Benzinga's options scanner. The scanner highlighted 18 extraordinary options activities, with 61% of the sentiment being bearish. Significant options trades include puts totaling $576,811 and calls amounting to $236,821. Analysts have mixed opinions, with price targets ranging from $300 to $315.
May 23, 2024 | 7:30 pm
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Deep-pocketed investors are showing a bearish sentiment towards McDonald's (NYSE:MCD), with significant options activity indicating potential downward pressure on the stock. Analysts have mixed opinions, with price targets ranging from $300 to $315.
The significant bearish options activity, with 61% of the sentiment being bearish and substantial put trades, suggests potential downward pressure on McDonald's stock. Analysts' mixed opinions further add to the uncertainty.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100