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Analysts have been raising their price targets (PTs) for McDonald's stock (MCD) over the last month. Meanwhile, my price target 4 remains 19% higher at $371 per share. Shorting out-of-the-money puts and calls works here.
MCD closed at $311.23, up from its recent low of $300.72 on Dec. 2, as well as $296.37 on Nov. 3. This article explains why McDonald's stock could be worth almost 20% more and several ways to play it, including shorting out-of-the-money (OTM) puts and buying in-the-money (ITM) calls.
