McDonald's Sees Whales Place Bullish Bets, Benzinga Reports
Whales with a lot of money to spend have taken a noticeably bullish stance on $McDonald's (MCD.US)$, Benzinga reported, citing 10 unusual options trades. About 50% of the investors opened trades with bullish expectations and 30% with bearish, it said. Two of them were puts, for a total amount of $111,612 and 8, calls, for a total amount of $344,592.
Trading volumes and open interest data on the contracts traded showed major market movers are targeting a price band between $140 and $370 for McDonald's, spanning the last three months. The stock traded at $273.105, down 0.9% Friday. Read the full story here:
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Moomoo Senior News and Community Manager
Former editor at Bloomberg, ex-commentary editor at Lazard. Posts aren’t investment advice. Views are just mine.
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