Smart Money Is Betting Big In MCD Options
Portfolio Pulse from Benzinga Insights
Investors with significant capital have taken a bullish stance on McDonald's (NYSE:MCD), as evidenced by 13 uncommon options trades tracked by Benzinga. The sentiment is predominantly bullish with 69% of the trades being calls. Analysts have set price targets ranging from $230 to $300, with the next earnings report expected in 4 days.
July 25, 2024 | 3:19 pm
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Investors with significant capital have taken a bullish stance on McDonald's (NYSE:MCD), as evidenced by 13 uncommon options trades tracked by Benzinga. The sentiment is predominantly bullish with 69% of the trades being calls. Analysts have set price targets ranging from $230 to $300, with the next earnings report expected in 4 days.
The significant volume of bullish options trades indicates strong investor confidence in McDonald's short-term performance. The upcoming earnings report in 4 days could further influence the stock price. Analysts' price targets also suggest potential upside.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100