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: Jun 17, 2027
Days to expiration: 250
Share price: $235.23
Put/call ratio (OI): 0.51
Put/call ratio (volume): 0.25
ATM implied volatility: 25.2%
Expected move: ±$49.15
Open interest (C / P): 26.97K / 13.70K

MCD options summary

The MCD options chain for the June 17, 2027 expiration lists 39 call and 30 put contracts, with 250 days until expiration. Open interest stands at 26,974 calls and 13,697 puts, a put/call ratio of 0.51, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $240.00 strike is 25.2%, which implies the market expects a move of about ±$49.15 (20.9%) in McDonald's stock by expiration.

The most open interest sits at the $280.00 call (6.66K contracts) and the $250.00 put (2.02K contracts).

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

MCD options chain · June 17, 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
7	2	43.5%	82.83	81.65	84.40	155.00	0.42	0.90	0.63	29.9%	1	465
0	2	41.6%	76.92	77.15	79.65	160.00	0.68	1.15	0.85	29.4%	4	18
2	1	39.8%	91.58	72.55	74.90	165.00	0.89	1.27	1.07	28.1%	1	14
29	1	38.3%	65.60	68.05	70.25	170.00	1.18	1.91	1.55	28.8%	50	76
3	1	73.3%	98.32	83.20	86.00	175.00	1.46	1.94	1.70	26.9%	3	140
29	1	34.5%	59.90	58.30	60.75	180.00	1.97	2.42	2.64	26.4%	1	78
6	2	34.3%	54.58	54.10	56.80	185.00	2.49	2.91	2.70	25.8%	3	122
26	2	33.4%	51.25	50.70	52.60	190.00	3.15	3.75	3.35	25.8%	1	225
10	6	32.5%	48.35	45.90	48.50	195.00	4.00	4.40	4.15	25.0%	2	402
96	2	31.1%	43.50	42.05	44.20	200.00	4.95	5.45	5.25	24.8%	7	915
91	2	29.9%	35.85	34.85	36.80	210.00	7.25	8.15	7.85	24.6%	10	879
86	3	28.8%	30.44	29.00	30.10	220.00	10.80	11.40	10.95	24.0%	28	733
303	3	28.0%	23.50	22.80	24.25	230.00	14.90	15.60	15.50	23.6%	4	1,001
MCD $235.23
577	72	27.3%	18.80	18.15	19.10	240.00	19.65	20.70	20.15	23.2%	1	1,151
1,214	15	27.1%	15.15	14.05	15.10	250.00	25.55	26.40	26.06	22.6%	1	2,025
1,439	72	26.7%	11.30	11.25	11.65	260.00	31.95	33.40	35.30	22.6%	4	660
1,907	14	26.4%	8.85	8.10	8.85	270.00	39.20	41.35	42.24	23.0%	21	1,846
6,658	63	26.5%	6.80	6.35	6.85	280.00	47.20	49.35	47.00	22.7%	1	1,331
1,057	2	26.8%	5.40	4.90	5.35	290.00	55.65	58.05	59.50	22.7%	1	304
6,545	71	26.7%	3.90	3.65	4.05	300.00	64.70	66.55	68.29	21.3%	2	408
1,829	11	27.1%	2.91	2.64	3.20	310.00	74.30	75.85	75.15	20.9%	3	148
816	12	27.1%	2.32	2.20	2.42	320.00	83.70	85.40	84.46	20.5%	10	268
1,041	12	27.7%	1.82	1.73	1.97	330.00	72.45	74.80	58.50	—	1	445
435	1	27.9%	1.46	1.29	1.53	340.00	103.25	105.30	109.81	23.0%	1	43
621	92	28.3%	1.09	0.98	1.25	350.00	112.40	116.50	119.99	30.4%	2	0
437	2	29.5%	0.89	0.84	1.17	360.00	0.00	0.00	40.75	—	1	0
97	1	29.1%	0.78	0.51	0.83	370.00	0.00	0.00	44.30	—	1	0
134	1	29.6%	0.61	0.51	0.70	380.00	142.80	146.25	136.11	33.9%	—	0
74	2	30.1%	0.49	0.29	0.59	390.00	153.15	156.25	160.21	35.3%	1	0
178	20	30.7%	0.38	0.19	0.52	400.00	142.30	145.15	131.85	—	—	0
141	2	31.7%	0.33	0.28	0.51	410.00	—	—	—	—	—	—
20	3	32.3%	0.36	0.04	0.45	420.00	—	—	—	—	—	—
58	1	32.8%	0.28	0.01	0.40	430.00	—	—	—	—	—	—
125	72	33.4%	0.22	0.00	0.36	440.00	—	—	—	—	—	—
56	6	33.7%	0.14	0.10	0.31	450.00	—	—	—	—	—	—
331	1	34.6%	0.18	0.11	0.31	460.00	—	—	—	—	—	—
34	3	35.3%	0.11	0.02	0.29	470.00	—	—	—	—	—	—
102	75	35.7%	0.11	0.07	0.26	480.00	—	—	—	—	—	—
360	6	35.0%	0.13	0.00	0.18	490.00	—	—	—	—	—	—

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 June 17, 2027 expiration, the MCD put/call ratio based on open interest is 0.51 (13,697 puts vs 26,974 calls), and 0.25 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 June 17, 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.