Unusual Options Activity: LEAPS Offer Low-Cost Rebound Bets on 2 Beaten-Down Consumer Stocks
Yesterday’s unusual options activity flagged Diageo’s Jan. 2028 $40 call and McDonald’s Jan. 2029 $250 call as contrarian rebound plays. Diageo’s deep in-the-money call needs just a 2.14% gain to break even, making it the better risk/reward proposition.
Barchart ·