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: Mar 19, 2027
Days to expiration: 160
Share price: $235.23
Put/call ratio (OI): 0.51
Put/call ratio (volume): 0.24
ATM implied volatility: 25.2%
Expected move: ±$39.23
Open interest (C / P): 23.29K / 11.80K

MCD options summary

The MCD options chain for the March 19, 2027 expiration lists 52 call and 36 put contracts, with 160 days until expiration. Open interest stands at 23,294 calls and 11,803 puts, a put/call ratio of 0.51, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $235.00 strike is 25.2%, which implies the market expects a move of about ±$39.23 (16.7%) in McDonald's stock by expiration.

The most open interest sits at the $300.00 call (5.26K contracts) and the $250.00 put (1.14K contracts).

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

MCD options chain · March 19, 2027

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	1	45.7%	73.77	71.30	73.75	165.00	0.32	0.47	0.36	28.9%	1	11
—	—	—	—	—	—	170.00	0.51	0.58	0.56	27.9%	2	20
1	1	41.1%	64.00	61.70	64.10	175.00	0.70	0.96	0.74	28.5%	5	27
47	39	39.0%	58.45	57.00	59.35	180.00	0.86	1.11	1.01	27.2%	13	51
28	57	36.9%	67.95	52.45	54.60	185.00	1.18	1.38	1.20	26.3%	1	65
46	53	35.0%	49.10	47.40	49.95	190.00	1.48	1.90	1.70	26.1%	4	329
17	1	33.4%	46.15	43.65	45.45	195.00	2.07	2.43	2.25	25.5%	14	43
56	19	32.2%	41.13	39.50	41.15	200.00	2.81	3.25	3.00	25.4%	12	274
22	1	31.1%	34.89	34.90	37.05	205.00	3.45	4.05	3.75	24.8%	14	404
10	9	30.2%	33.05	30.75	33.10	210.00	4.80	5.20	4.85	24.6%	73	1,035
32	4	29.4%	29.04	27.90	29.40	215.00	6.15	6.45	6.30	24.2%	13	761
102	3	28.2%	25.05	23.90	25.60	220.00	7.55	8.20	7.70	24.3%	10	566
24	3	27.7%	21.75	21.50	22.45	225.00	9.45	10.05	9.70	24.1%	14	1,039
466	58	27.1%	19.60	18.65	19.35	230.00	11.40	12.15	11.90	23.8%	5	978
464	34	26.6%	16.90	16.05	16.65	235.00	13.85	14.60	13.80	23.7%	1	329
MCD $235.23
729	30	26.8%	14.15	13.75	14.50	240.00	16.30	17.15	16.71	23.4%	1	778
355	22	26.5%	12.35	11.70	12.35	245.00	19.30	19.85	19.80	22.8%	5	545
766	83	26.4%	10.53	9.95	10.50	250.00	22.40	23.50	22.50	23.4%	5	1,137
1,581	25	26.2%	8.55	8.50	8.85	255.00	25.75	27.00	27.79	23.4%	2	241
1,294	30	26.2%	7.25	6.90	7.50	260.00	29.20	31.30	29.52	24.4%	41	1,110
798	4	26.4%	6.09	5.85	6.40	265.00	33.00	34.65	34.94	23.4%	7	168
1,397	21	26.5%	5.10	4.85	5.45	270.00	37.05	39.15	38.91	24.3%	7	616
450	3	26.3%	4.32	4.00	4.45	275.00	41.25	42.90	46.52	23.2%	1	34
937	46	26.5%	3.67	3.40	3.80	280.00	45.60	47.15	49.12	22.8%	3	600
633	13	26.6%	3.22	2.84	3.20	285.00	50.10	51.95	53.60	23.8%	7	19
677	3	26.8%	2.53	2.37	2.70	290.00	54.70	56.40	58.38	23.4%	2	415
391	3	27.2%	1.79	2.01	2.35	295.00	59.70	61.50	58.75	25.1%	7	30
5,257	178	26.9%	1.75	1.75	1.86	300.00	63.90	65.75	68.50	23.2%	1	140
219	11	27.4%	1.63	1.39	1.65	305.00	68.60	70.90	64.94	25.2%	6	8
709	34	27.4%	1.30	1.05	1.36	310.00	73.40	75.80	76.00	25.9%	2	27
509	3	27.8%	1.15	0.97	1.20	315.00	78.25	80.70	79.50	26.5%	1	0
556	12	28.3%	1.10	0.79	1.07	320.00	83.15	85.30	62.93	24.9%	1	2
253	2	28.4%	0.90	0.75	0.91	325.00	—	—	—	—	—	—
1,080	1	28.8%	0.75	0.68	0.80	330.00	93.25	95.70	76.81	29.7%	1	0
39	4	29.8%	0.67	0.54	0.80	335.00	—	—	—	—	—	—
768	1	29.6%	0.56	0.53	0.64	340.00	103.15	105.60	89.67	31.1%	1	0
101	5	31.3%	0.49	0.26	0.74	345.00	—	—	—	—	—	—
200	13	30.3%	0.43	0.37	0.51	350.00	113.05	115.55	118.00	32.6%	1	1
114	9	30.6%	0.38	0.32	0.46	355.00	118.15	121.05	105.55	36.7%	—	0
80	10	31.3%	0.30	0.22	0.44	360.00	—	—	—	—	—	—
93	1	31.4%	0.29	0.23	0.38	365.00	—	—	—	—	—	—
44	1	31.1%	0.31	0.23	0.30	370.00	—	—	—	—	—	—
38	2	33.4%	0.19	0.18	0.35	380.00	—	—	—	—	—	—
67	50	32.8%	0.30	0.00	0.22	390.00	—	—	—	—	—	—
153	1	34.0%	0.17	0.06	0.21	400.00	—	—	—	—	—	—
239	10	36.1%	0.10	0.00	0.25	410.00	—	—	—	—	—	—
5	2	37.0%	0.13	0.00	0.23	420.00	—	—	—	—	—	—
12	1	37.8%	0.24	0.03	0.21	430.00	—	—	—	—	—	—
660	184	35.9%	0.09	0.05	0.10	440.00	—	—	—	—	—	—
92	58	39.8%	0.06	0.00	0.19	450.00	—	—	—	—	—	—
581	3	38.5%	0.06	0.01	0.11	460.00	—	—	—	—	—	—
17	3	49.8%	0.07	0.00	0.70	470.00	—	—	—	—	—	—
80	20	48.2%	0.14	0.01	0.47	480.00	—	—	—	—	—	—

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 March 19, 2027 expiration, the MCD put/call ratio based on open interest is 0.51 (11,803 puts vs 23,294 calls), and 0.24 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 March 19, 2027 is about 25.2%, 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.