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: Nov 6, 2026
Days to expiration: 27
Share price: $235.23
Put/call ratio (OI): 0.81
Put/call ratio (volume): 0.33
ATM implied volatility: 25.5%
Expected move: ±$16.32
Open interest (C / P): 2.41K / 1.95K

MCD options summary

The MCD options chain for the November 6, 2026 expiration lists 26 call and 23 put contracts, with 27 days until expiration. Open interest stands at 2,411 calls and 1,948 puts, a put/call ratio of 0.81, which is fairly balanced between calls and puts. At-the-money implied volatility near the $235.00 strike is 25.5%, which implies the market expects a move of about ±$16.32 (6.9%) in McDonald's stock by expiration.

The most open interest sits at the $245.00 call (458 contracts) and the $225.00 put (592 contracts).

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

MCD options chain · November 6, 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
15	2	78.5%	67.56	69.20	73.10	165.00	0.00	0.65	0.33	65.0%	1	12
7	2	73.0%	64.96	64.45	67.85	170.00	0.00	0.66	0.28	60.4%	1	7
28	28	63.8%	62.59	59.30	62.55	175.00	0.00	0.66	0.34	55.7%	2	30
8	2	61.5%	54.81	54.30	57.90	180.00	0.00	0.67	0.19	51.3%	6	6
13	13	57.7%	54.07	49.45	52.95	185.00	0.00	0.68	0.12	53.5%	1	14
1	1	51.9%	47.69	44.35	47.95	190.00	0.00	0.70	0.06	48.9%	1	2
—	—	—	—	—	—	195.00	0.00	0.74	0.22	44.6%	4	5
2	1	59.9%	32.98	35.30	38.35	200.00	0.00	0.77	0.12	40.1%	3	29
6	2	50.4%	29.00	30.45	32.85	205.00	0.11	0.29	0.23	28.6%	7	40
—	—	—	—	—	—	210.00	0.10	0.47	0.30	27.0%	41	32
4	1	39.9%	21.67	21.20	23.15	215.00	0.35	0.85	0.57	26.3%	52	106
55	3	35.4%	17.45	16.45	18.50	220.00	1.00	1.25	1.10	24.1%	39	228
29	6	32.0%	13.46	13.00	14.25	225.00	1.91	2.22	1.96	23.6%	112	592
43	8	28.8%	10.40	9.35	10.30	230.00	3.35	4.00	3.60	24.4%	60	358
138	83	27.9%	7.45	6.65	7.35	235.00	5.35	5.90	5.30	23.2%	35	186
MCD $235.23
335	39	27.4%	4.50	4.35	5.05	240.00	7.70	8.70	7.95	22.9%	42	110
458	50	27.2%	3.38	2.82	3.35	245.00	11.05	12.05	11.55	22.4%	10	129
451	880	27.0%	1.90	1.71	2.13	250.00	15.10	16.20	17.35	23.2%	1	24
243	30	26.7%	1.20	1.05	1.26	255.00	18.90	20.55	23.83	23.2%	3	23
252	23	28.0%	0.76	0.55	0.89	260.00	23.30	25.50	26.95	26.6%	12	15
61	4	28.4%	0.47	0.30	0.56	265.00	28.10	30.50	31.50	30.3%	2	0
61	57	31.2%	0.30	0.22	0.51	270.00	33.70	36.30	33.96	40.8%	1	0
149	43	29.0%	0.20	0.13	0.20	275.00	—	—	—	—	—	—
38	22	31.7%	0.17	0.04	0.20	280.00	—	—	—	—	—	—
6	5	43.8%	0.09	0.00	0.76	285.00	—	—	—	—	—	—
2	1	46.4%	0.12	0.00	0.73	290.00	52.50	56.40	53.10	55.8%	1	0
5	—	49.3%	0.06	0.00	0.54	300.00	—	—	—	—	—	—
1	—	59.2%	0.01	0.00	0.65	330.00	—	—	—	—	—	—

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 November 6, 2026 expiration, the MCD put/call ratio based on open interest is 0.81 (1,948 puts vs 2,411 calls), and 0.33 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 November 6, 2026 is about 25.5%, 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.