Analysts have been raising their price targets for McDonald's Corp. (MCD) stock after its recent stellar earnings report. However, MCD has been on a tear over the last month. One conservative play is to sell short put options with one-month expiry.
MCD closed at $327.58 on Friday, Feb. 13, down from its peak of $332.08 on Feb. 12 after the Feb. 11 earnings release. But, it's up 9.2% from a $299.86 trough on Jan. 5 and a later dip to $302.84 on Jan. 20. Can it keep rising? This article will review MCD's value and its potential upside.