McDonald's (MCD) Options Chain

NYSE: MCDConsumer DiscretionaryRestaurantsUSD

235.23-1.67 (-0.70%)

At close: Oct 9, 4:00 PM ET · Delayed 15 min

Expiration date

Expiration: Oct 16, 2026
Days to expiration: 5
Share price: $235.23
Put/call ratio (OI): 0.44
Put/call ratio (volume): 0.68
ATM implied volatility: 25.0%
Expected move: ±$6.89
Open interest (C / P): 43.17K / 19.10K

MCD options summary

The MCD options chain for the October 16, 2026 expiration lists 60 call and 52 put contracts, with 5 days until expiration. Open interest stands at 43,167 calls and 19,104 puts, a put/call ratio of 0.44, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $235.00 strike is 25.0%, which implies the market expects a move of about ±$6.89 (2.9%) in McDonald's stock by expiration.

The most open interest sits at the $300.00 call (6.70K contracts) and the $230.00 put (3.27K contracts).

Summary generated from market data by MetaCap's automated system. Methodology

MCD options chain · October 16, 2026

MCD calls and puts by strike price. Shaded cells are in the money.
Calls							Puts
OI	Vol	IV	Last	Bid	Ask	Strike	Bid	Ask	Last	IV	Vol	OI
23	10	214.2%	106.14	89.65	91.75	145.00	0.00	0.01	0.01	128.1%	1	206
68	4	202.7%	85.18	84.65	86.80	150.00	0.00	0.01	0.02	118.8%	18	94
55	4	201.7%	80.20	80.00	81.85	155.00	0.00	0.01	0.35	112.5%	6	61
53	2	177.3%	75.03	74.65	76.80	160.00	0.00	0.01	0.28	103.1%	6	42
54	4	166.5%	70.14	69.70	71.80	165.00	0.00	0.01	0.26	96.9%	4	55
50	6	157.1%	65.16	64.70	66.90	170.00	0.00	0.01	0.05	87.5%	3	71
70	4	146.4%	60.08	59.85	61.80	175.00	0.00	0.65	0.02	131.4%	10	63
65	6	134.7%	55.16	54.75	56.90	180.00	0.00	0.65	0.01	120.7%	60	169
68	6	122.1%	50.18	49.75	51.85	185.00	0.00	0.65	0.28	110.1%	8	278
67	6	111.8%	48.31	44.75	46.90	190.00	0.00	0.65	0.17	99.6%	6	404
42	1	97.8%	43.27	39.70	41.80	195.00	0.00	0.10	0.13	67.6%	2	526
36	3	91.9%	36.40	34.85	36.95	200.00	0.00	0.65	0.26	79.2%	1	233
11	10	82.1%	43.70	29.70	32.20	205.00	0.00	0.06	0.04	52.5%	10	100
—	—	—	—	—	—	207.50	0.00	0.49	0.05	60.7%	3	3
19	3	76.5%	26.05	25.15	27.25	210.00	0.00	0.02	0.01	38.7%	7	955
11	11	52.0%	23.00	22.40	23.60	212.50	0.00	0.48	0.04	50.9%	2	340
36	1	57.1%	22.10	19.70	22.00	215.00	0.00	0.10	0.03	39.4%	8	442
1	—	53.6%	16.90	17.25	19.65	217.50	0.02	0.10	0.02	35.1%	34	270
78	10	63.8%	16.28	15.00	16.95	220.00	0.00	0.10	0.05	30.8%	36	345
5	10	56.9%	12.76	12.65	14.45	222.50	0.04	0.27	0.07	32.3%	163	164
50	20	43.3%	11.20	10.40	11.45	225.00	0.13	0.23	0.20	26.2%	397	1,112
26	2	40.1%	8.67	7.70	9.25	227.50	0.26	0.35	0.30	23.6%	217	424
576	31	29.8%	6.50	5.85	6.50	230.00	0.53	0.71	0.71	23.1%	598	3,265
335	124	29.8%	4.45	4.10	4.80	232.50	1.11	1.38	1.23	23.0%	286	622
967	502	26.2%	2.86	2.56	2.99	235.00	2.04	2.51	1.91	23.9%	349	2,731
MCD $235.23
1,615	630	25.7%	1.68	1.56	1.84	237.50	3.15	3.90	3.40	23.6%	91	511
2,015	1,012	24.3%	0.98	0.83	0.96	240.00	4.85	5.60	5.25	22.8%	62	1,969
836	602	24.6%	0.48	0.45	0.51	242.50	7.10	8.35	7.30	32.4%	97	152
2,089	485	25.8%	0.25	0.20	0.30	245.00	9.00	10.30	8.99	30.3%	51	2,333
498	89	26.9%	0.13	0.11	0.17	247.50	10.90	13.40	13.20	45.0%	3	30
4,238	752	28.1%	0.07	0.06	0.10	250.00	13.10	15.30	13.79	40.3%	13	785
1,014	64	32.8%	0.05	0.01	0.12	252.50	15.85	17.50	20.15	37.2%	2	10
1,048	336	31.8%	0.05	0.02	0.05	255.00	18.20	20.35	19.20	50.7%	1	62
369	2	44.7%	0.04	0.00	0.22	257.50	20.50	23.00	23.00	58.5%	1	0
2,492	235	38.3%	0.02	0.01	0.05	260.00	23.10	25.35	24.00	59.5%	3	141
106	3	45.1%	0.05	0.00	0.09	262.50	25.60	28.00	22.15	67.3%	2	0
1,789	7	37.1%	0.01	0.00	0.01	265.00	28.90	30.05	29.25	58.4%	4	20
49	7	44.5%	0.02	0.00	0.03	267.50	—	—	—	—	—	—
2,568	11	42.2%	0.03	0.00	0.01	270.00	33.25	35.20	32.45	71.2%	928	98
139	7	71.0%	0.09	0.00	0.65	272.50	—	—	—	—	—	—
1,779	1	53.1%	0.01	0.00	0.06	275.00	38.25	40.50	38.08	87.8%	2	2
3,286	21	57.0%	0.03	0.00	0.05	280.00	43.25	44.95	42.50	73.8%	44	13
1,326	114	53.1%	0.03	0.00	0.01	285.00	48.25	50.50	48.10	102.8%	2	0
1,411	3	57.8%	0.01	0.00	0.01	290.00	53.25	55.50	52.30	109.9%	10	3
866	4	77.0%	0.03	0.00	0.09	295.00	58.20	60.50	63.21	116.8%	1	0
6,702	1	65.6%	0.02	0.00	0.01	300.00	63.25	65.50	68.64	123.5%	1	0
279	3	70.3%	0.03	0.00	0.01	305.00	67.90	70.50	73.02	130.0%	1	0
1,978	1	92.6%	0.01	0.00	0.10	310.00	52.55	55.45	38.77	—	1	0
151	2	78.1%	0.02	0.00	0.01	315.00	—	—	—	—	—	—
358	2	81.3%	0.17	0.00	0.01	320.00	82.95	85.50	62.90	148.5%	1	0
165	16	85.9%	0.01	0.00	0.01	325.00	88.15	90.55	65.85	156.3%	—	0
470	1	90.6%	0.01	0.00	0.01	330.00	—	—	—	—	—	—
83	6	145.2%	0.03	0.00	0.65	335.00	98.25	100.50	102.85	165.7%	1	0
283	1	150.2%	0.05	0.00	0.65	340.00	103.25	105.50	102.99	171.2%	12	0
8	8	155.1%	0.10	0.00	0.65	345.00	108.15	110.50	111.31	176.6%	6	0
63	3	160.0%	0.09	0.00	0.65	350.00	113.15	115.50	118.06	181.8%	1	0
10	2	169.3%	0.02	0.00	0.65	360.00	—	—	—	—	—	—
10	1	178.3%	0.02	0.00	0.65	370.00	—	—	—	—	—	—
39	19	181.8%	0.20	0.00	0.53	380.00	—	—	—	—	—	—
175	17	128.1%	0.01	0.00	0.01	390.00	—	—	—	—	—	—
94	1	134.4%	0.01	0.00	0.01	400.00	—	—	—	—	—	—

In-the-money callsIn-the-money puts. IV = implied volatility, OI = open interest (contracts). Each contract covers 100 shares. Quotes delayed at least 15 minutes.

Frequently asked questions

What is the MCD put/call ratio?

For the October 16, 2026 expiration, the MCD put/call ratio based on open interest is 0.44 (19,104 puts vs 43,167 calls), and 0.68 based on today's volume. A ratio above 1 means more puts than calls.

What is MCD's implied volatility?

At-the-money implied volatility for MCD options expiring October 16, 2026 is about 25.0%, an annualized estimate of how much the market expects McDonald's stock to move.

How many MCD option expiration dates are there?

MCD has 14 listed expiration dates, from Oct 16, 2026 to Jan 19, 2029.

What does "in the money" mean?

A call is in the money when the strike price is below the current share price; a put is in the money when the strike is above it. In-the-money contracts have intrinsic value and are shaded in the table.