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: Jan 19, 2029
Days to expiration: 832
Share price: $235.23
Put/call ratio (OI): 0.90
Put/call ratio (volume): 2.35
ATM implied volatility: 25.4%
Expected move: ±$90.14
Open interest (C / P): 2.87K / 2.57K

MCD options summary

The MCD options chain for the January 19, 2029 expiration lists 34 call and 31 put contracts, with 832 days until expiration. Open interest stands at 2,866 calls and 2,566 puts, a put/call ratio of 0.90, which is fairly balanced between calls and puts. At-the-money implied volatility near the $240.00 strike is 25.4%, which implies the market expects a move of about ±$90.14 (38.3%) in McDonald's stock by expiration.

The most open interest sits at the $240.00 call (406 contracts) and the $180.00 put (453 contracts).

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

MCD options chain · January 19, 2029

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
4	1	36.3%	118.00	117.00	120.00	120.00	1.21	1.90	1.80	28.8%	4	8
6	3	36.0%	113.08	112.25	115.75	125.00	1.49	2.23	2.00	28.4%	1	4
1	—	36.4%	114.00	108.00	111.95	130.00	1.80	2.62	2.30	27.9%	10	14
—	—	—	—	—	—	135.00	2.23	3.10	2.76	27.6%	30	36
17	1	35.0%	102.00	100.00	103.35	140.00	2.64	3.30	3.30	26.5%	1	9
118	1	35.1%	97.46	96.50	99.70	145.00	—	—	—	—	—	—
9	1	34.6%	94.54	92.95	95.60	150.00	4.10	4.70	4.45	26.2%	33	48
2	1	34.5%	87.10	88.95	91.95	155.00	4.30	5.25	4.95	25.7%	2	46
16	1	33.8%	86.80	84.50	87.90	160.00	4.95	6.15	5.66	25.5%	2	1
19	3	33.5%	95.00	81.00	84.20	165.00	5.75	6.90	6.50	25.0%	20	3
18	2	33.2%	79.82	77.05	80.60	170.00	7.15	7.90	7.95	24.8%	40	34
29	2	32.8%	74.04	74.60	77.05	175.00	8.10	8.80	8.40	24.3%	10	166
17	1	32.7%	68.50	70.85	73.80	180.00	9.30	10.15	9.58	24.3%	2	453
170	8	32.3%	69.50	67.50	70.30	185.00	10.40	11.30	10.65	23.9%	2	96
14	1	31.7%	66.00	64.65	66.75	190.00	10.95	14.00	11.96	24.9%	7	160
15	2	31.8%	63.50	61.45	64.00	195.00	12.35	14.70	13.60	23.9%	1	3
240	11	31.0%	59.20	58.25	60.25	200.00	14.30	15.60	15.15	23.0%	1	157
35	2	30.9%	54.45	53.05	54.85	210.00	17.05	19.00	18.50	22.5%	6	71
135	5	30.6%	49.45	47.15	49.70	220.00	20.55	24.25	22.15	22.9%	1	209
254	3	30.1%	43.88	42.85	44.55	230.00	25.25	26.85	26.65	21.1%	9	290
MCD $235.23
406	8	29.8%	39.37	38.05	40.00	240.00	30.40	32.30	31.13	21.0%	1	140
344	1	29.6%	35.50	33.75	36.00	250.00	35.50	37.80	36.11	20.5%	2	102
62	4	29.0%	31.97	30.25	31.70	260.00	41.05	44.15	44.15	20.3%	1	18
180	7	29.0%	25.80	26.35	28.55	270.00	46.50	50.55	50.91	19.9%	4	60
41	1	28.9%	23.24	23.40	25.55	280.00	53.30	57.05	47.42	19.1%	2	15
17	2	28.6%	22.60	21.10	22.55	290.00	61.50	64.55	65.00	18.8%	1	20
254	3	28.4%	19.70	18.65	20.10	300.00	69.00	71.95	73.65	17.9%	8	313
38	1	28.8%	16.50	16.55	18.55	310.00	77.20	80.15	81.00	17.5%	4	26
14	1	28.3%	15.07	14.35	15.95	320.00	86.55	88.60	90.72	16.9%	3	9
44	2	28.1%	14.00	12.50	14.10	330.00	94.50	97.95	95.32	17.2%	1	55
97	1	27.9%	12.05	11.25	12.35	340.00	—	—	—	—	—	—
90	4	28.1%	9.90	9.85	11.35	350.00	113.10	115.65	95.50	14.8%	—	0
7	1	28.8%	9.27	7.95	10.80	360.00	122.00	127.00	104.57	18.6%	—	0
49	2	27.8%	8.05	7.70	8.70	370.00	—	—	—	—	—	—
104	2	27.7%	7.30	7.05	7.75	380.00	—	—	—	—	—	—

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 January 19, 2029 expiration, the MCD put/call ratio based on open interest is 0.90 (2,566 puts vs 2,866 calls), and 2.35 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 January 19, 2029 is about 25.4%, 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.