McDonald's Unusual Options Activity For June 04
Portfolio Pulse from Benzinga Insights
Significant options activity has been observed for McDonald's (NYSE:MCD) with a predominantly bearish sentiment. Out of 9 trades, 66% were bearish and 33% were bullish. The trades include 5 puts totaling $308,812 and 4 calls totaling $241,825. The predicted price range for McDonald's over the next three months is $230.0 to $300.0. The current market price is $260.09, with a neutral RSI. Analysts have mixed ratings with target prices ranging from $288 to $305.
June 04, 2024 | 3:16 pm
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McDonald's has seen significant bearish options activity, with 66% of trades being bearish. The predicted price range for the next three months is $230.0 to $300.0. Analysts have mixed ratings with target prices ranging from $288 to $305.
The majority of options trades (66%) are bearish, indicating a negative sentiment among significant investors. This could lead to short-term downward pressure on the stock price. However, the mixed analyst ratings and target prices suggest some level of support, mitigating the overall impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100