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 20, 2026
Days to expiration: 41
Share price: $235.23
Put/call ratio (OI): 0.61
Put/call ratio (volume): 1.55
ATM implied volatility: 25.1%
Expected move: ±$19.75
Open interest (C / P): 37.80K / 23.00K

MCD options summary

The MCD options chain for the November 20, 2026 expiration lists 56 call and 50 put contracts, with 41 days until expiration. Open interest stands at 37,802 calls and 22,998 puts, a put/call ratio of 0.61, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $235.00 strike is 25.1%, which implies the market expects a move of about ±$19.75 (8.4%) in McDonald's stock by expiration.

The most open interest sits at the $275.00 call (5.25K contracts) and the $235.00 put (3.92K contracts).

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

MCD options chain · November 20, 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
20	3	79.1%	80.00	79.55	83.40	155.00	0.00	0.66	0.26	62.0%	1	26
65	5	70.6%	73.87	74.35	78.10	160.00	0.00	0.66	0.08	57.9%	6	57
74	9	65.5%	69.00	69.60	72.80	165.00	0.00	0.66	0.24	53.9%	7	77
85	8	64.4%	63.65	65.15	67.80	170.00	0.00	0.67	0.10	50.0%	9	79
81	4	56.8%	57.71	59.60	62.85	175.00	0.00	0.53	0.17	50.0%	4	97
82	8	58.5%	58.00	55.85	57.80	180.00	0.00	0.32	0.08	42.0%	8	76
59	4	53.4%	47.31	50.70	52.85	185.00	0.00	0.13	0.06	33.3%	1	76
28	13	56.3%	49.32	46.00	47.80	190.00	0.03	0.13	0.08	30.1%	8	88
11	1	54.4%	43.29	40.85	43.30	195.00	0.00	0.17	0.11	28.0%	1	186
126	12	47.8%	34.00	36.30	38.05	200.00	0.16	0.21	0.18	25.6%	7	431
37	1	45.4%	31.60	31.45	33.55	205.00	0.29	0.50	0.36	26.4%	7	178
40	1	39.4%	27.75	26.75	28.40	210.00	0.56	0.72	0.66	24.7%	37	587
107	1	36.1%	24.80	22.15	23.85	215.00	0.97	1.14	1.05	23.6%	81	1,311
163	4	33.1%	19.17	17.55	19.45	220.00	1.68	1.89	1.78	23.1%	772	2,579
91	156	31.0%	14.90	14.20	15.50	225.00	2.80	3.05	2.91	22.8%	669	1,453
224	26	29.4%	11.25	10.85	12.00	230.00	4.35	4.65	4.40	22.4%	110	1,840
2,569	75	27.5%	8.40	8.05	8.75	235.00	6.40	7.00	6.58	22.6%	103	3,925
MCD $235.23
1,841	135	26.5%	6.06	5.80	6.25	240.00	8.85	9.60	9.15	21.9%	65	1,744
1,303	186	26.7%	4.30	4.00	4.55	245.00	12.15	12.95	12.18	21.9%	3	1,188
4,847	427	25.9%	2.77	2.77	2.99	250.00	15.80	16.80	15.82	21.9%	21	3,545
1,514	104	25.9%	1.97	1.92	2.02	255.00	19.90	21.00	20.00	21.9%	9	1,647
1,936	132	26.6%	1.30	1.23	1.45	260.00	23.95	25.50	24.10	22.0%	60	1,074
1,251	28	27.1%	0.84	0.78	1.00	265.00	28.15	31.15	29.06	29.6%	3	395
1,659	67	26.9%	0.63	0.57	0.62	270.00	33.30	35.20	35.25	24.9%	2	40
5,249	97	28.2%	0.45	0.40	0.49	275.00	38.30	40.25	38.05	28.1%	1	20
1,379	14	28.8%	0.30	0.25	0.35	280.00	43.30	45.45	43.40	32.8%	50	20
765	17	30.7%	0.22	0.15	0.32	285.00	48.30	50.30	48.50	33.7%	370	47
1,369	1	31.6%	0.19	0.04	0.25	290.00	53.35	55.05	59.45	32.3%	1	1
1,511	3	32.3%	0.14	0.03	0.19	295.00	58.35	60.05	57.55	34.4%	973	93
3,401	40	32.2%	0.08	0.05	0.12	300.00	63.30	65.15	62.30	38.3%	10	3
995	96	33.3%	0.12	0.01	0.10	305.00	68.30	70.35	67.15	43.5%	10	3
908	18	34.1%	0.08	0.05	0.08	310.00	73.30	75.45	72.30	47.0%	16	5
117	13	35.3%	0.07	0.04	0.07	315.00	78.30	80.15	78.45	44.5%	658	82
1,157	481	36.2%	0.05	0.00	0.06	320.00	83.35	85.05	86.80	44.3%	1	0
197	2	36.1%	0.04	0.03	0.04	325.00	88.05	90.50	75.77	54.0%	1	1
245	1	43.2%	0.02	0.00	0.13	330.00	93.30	95.30	98.17	52.9%	2	0
725	1	54.4%	0.11	0.00	0.51	335.00	98.20	100.45	97.10	57.2%	1	1
205	9	50.8%	0.09	0.00	0.52	340.00	102.95	105.50	102.12	59.8%	1	0
50	1	53.6%	0.03	0.00	0.60	345.00	108.20	110.50	108.27	61.7%	7	6
120	2	51.3%	0.04	0.00	0.35	350.00	113.20	115.50	113.29	63.5%	2	0
62	50	57.6%	0.08	0.00	0.66	355.00	0.00	0.00	72.25	—	1	0
153	1	59.2%	0.11	0.00	0.66	360.00	49.05	52.20	40.85	—	2	3
249	1	60.7%	0.17	0.00	0.65	365.00	53.45	56.55	44.04	—	2	11
49	1	62.3%	0.05	0.00	0.65	370.00	57.90	60.65	47.96	—	2	2
32	3	63.8%	0.15	0.00	0.65	375.00	117.35	121.20	110.80	—	1	0
68	1	65.3%	0.28	0.00	0.65	380.00	67.50	70.30	55.96	—	—	1
34	1	66.8%	0.09	0.00	0.65	385.00	127.35	130.65	120.75	—	2	0
6	4	64.2%	0.32	0.00	0.41	390.00	76.70	79.90	64.62	—	—	0
12	10	63.6%	0.60	0.00	0.32	395.00	81.75	85.50	69.46	—	2	0
6	4	71.0%	0.02	0.00	0.65	400.00	—	—	—	—	—	—
0	45	25.0%	0.05	0.00	0.00	405.00	—	—	—	—	—	—
103	100	67.7%	0.15	0.07	0.26	410.00	—	—	—	—	—	—
8	1	89.0%	0.13	0.00	2.02	415.00	—	—	—	—	—	—
173	155	64.5%	0.10	0.00	0.15	420.00	—	—	—	—	—	—
142	30	79.0%	0.08	0.00	0.65	430.00	—	—	—	—	—	—
99	45	85.1%	0.07	0.00	0.90	440.00	182.35	186.00	170.24	—	—	0

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 20, 2026 expiration, the MCD put/call ratio based on open interest is 0.61 (22,998 puts vs 37,802 calls), and 1.55 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 20, 2026 is about 25.1%, 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.