Smart Money Is Betting Big In MCD Options
Portfolio Pulse from Benzinga Insights
Financial giants are making bullish moves on McDonald's (NYSE:MCD) through options trading, with 19 unusual trades identified. 47% of traders are bullish, and 36% are bearish. The options activity suggests a price range of $250 to $310 for MCD. Analysts have mixed ratings, with price targets ranging from $270 to $342.
August 20, 2024 | 5:01 pm
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McDonald's sees significant bullish options activity, with 17 call trades valued at $1.1M. Analysts have mixed ratings, with price targets from $270 to $342. The stock is currently up 0.17% at $288.04.
The article highlights significant bullish options activity for McDonald's, with a majority of trades being calls. This suggests positive sentiment among traders. Additionally, analysts' price targets are mostly above the current price, indicating potential upside. The stock's slight increase and RSI overbought signal suggest caution but overall positive short-term sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100