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 23, 2026
Days to expiration: 13
Share price: $235.23
Put/call ratio (OI): 0.43
Put/call ratio (volume): 0.36
ATM implied volatility: 22.6%
Expected move: ±$10.03
Open interest (C / P): 6.51K / 2.78K

MCD options summary

The MCD options chain for the October 23, 2026 expiration lists 29 call and 27 put contracts, with 13 days until expiration. Open interest stands at 6,513 calls and 2,780 puts, a put/call ratio of 0.43, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $235.00 strike is 22.6%, which implies the market expects a move of about ±$10.03 (4.3%) in McDonald's stock by expiration.

The most open interest sits at the $250.00 call (2.29K contracts) and the $225.00 put (561 contracts).

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

MCD options chain · October 23, 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
5	4	112.5%	70.26	69.85	72.25	165.00	0.00	0.65	0.24	95.4%	5	5
29	3	107.1%	67.32	65.20	67.10	170.00	0.00	0.65	0.05	88.4%	1	56
11	4	98.5%	60.42	59.85	62.40	175.00	0.00	0.65	0.24	81.5%	11	11
74	26	86.1%	55.44	54.85	57.00	180.00	0.00	0.65	0.34	74.8%	2	73
50	22	83.7%	50.47	50.15	52.15	185.00	0.00	0.57	0.24	66.8%	6	34
53	1	77.6%	48.38	45.40	47.05	190.00	0.00	0.13	0.12	53.3%	5	66
6	—	66.5%	54.69	39.85	42.20	195.00	0.00	0.66	0.25	55.6%	—	8
—	—	—	—	—	—	200.00	0.00	0.40	0.07	51.1%	11	14
—	—	—	—	—	—	205.00	0.00	0.48	0.15	46.4%	1	26
8	3	58.8%	24.75	24.90	27.20	210.00	0.00	0.12	0.03	30.6%	4	73
1	1	51.3%	18.20	20.15	22.30	215.00	0.00	0.23	0.12	28.3%	6	97
97	1	43.0%	17.65	15.60	17.35	220.00	0.03	0.25	0.19	22.8%	62	183
37	4	35.4%	11.30	10.90	12.55	225.00	0.49	0.62	0.55	21.2%	54	561
178	10	29.8%	7.85	6.95	8.25	230.00	1.29	1.61	1.48	20.8%	61	508
383	66	24.8%	4.70	3.90	4.50	235.00	3.05	3.50	3.25	20.4%	57	373
MCD $235.23
760	375	22.7%	2.10	1.88	2.12	240.00	5.85	6.50	5.95	20.3%	6	302
452	209	23.6%	0.86	0.80	1.05	245.00	9.10	10.50	10.05	20.8%	3	235
2,285	132	23.7%	0.35	0.27	0.43	250.00	14.10	15.20	14.45	23.7%	2	144
380	79	26.8%	0.19	0.15	0.29	255.00	18.25	20.50	24.31	33.4%	3	11
700	36	27.8%	0.06	0.05	0.14	260.00	23.35	25.55	27.50	39.7%	1	0
227	5	29.5%	0.05	0.00	0.08	265.00	28.30	30.50	28.00	44.4%	11	0
173	2	45.2%	0.27	0.00	0.48	270.00	33.15	35.50	32.88	49.5%	6	0
140	5	39.8%	0.02	0.00	0.13	275.00	38.10	40.50	39.80	54.4%	2	0
87	2	42.6%	0.06	0.00	0.11	280.00	43.20	45.50	42.06	59.2%	55	0
20	2	54.8%	0.14	0.00	0.66	285.00	48.15	50.50	47.08	63.8%	15	0
122	46	54.2%	0.12	0.00	0.20	290.00	53.10	55.50	34.00	68.2%	—	0
47	26	62.5%	0.26	0.00	0.65	295.00	—	—	—	—	—	—
166	16	51.4%	0.02	0.00	0.05	300.00	—	—	—	—	—	—
0	—	73.4%	0.25	0.00	0.65	310.00	73.10	75.65	63.75	87.7%	—	0
7	3	77.0%	0.27	0.00	0.65	315.00	—	—	—	—	—	—
15	—	80.3%	0.23	0.00	0.65	320.00	—	—	—	—	—	—

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 23, 2026 expiration, the MCD put/call ratio based on open interest is 0.43 (2,780 puts vs 6,513 calls), and 0.36 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 23, 2026 is about 22.6%, 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.