MCD Options
MCD $250.25 · Updated Oct 26, 4:00 PM ET
MCD is at $250.25. The nearest expiration, Oct 30, 2026 (4 days out), lists 57 strikes, with 9,154 calls and 2,966 puts traded in the latest session. At-the-money implied volatility is 25.8%. The at-the-money straddle prices a move of about $5.50 (2.2%) by expiration.
MCD Options Chain
MCD is at $250.25. The nearest expiration, Oct 30, 2026 (4 days out), lists 57 strikes, with 9,154 calls and 2,966 puts traded in the latest session. At-the-money implied volatility is 25.8%. The at-the-money straddle prices a move of about $5.50 (2.2%) by expiration.
MCD Gamma Exposure (GEX)
MCD total dealer gamma exposure is $53M across all listed expirations. Positive GEX means dealers are net long gamma; their hedging tends to dampen price moves. The gamma flip is $239.21, with spot 4.6% above it. The call wall is $260.00 and the put wall $250.00.
MCD Max Pain
MCD max pain for Oct 30, 2026 (4 days out) is $240.00, 4.1% below the current $250.25. That is the settlement price at which the open contracts on that date would pay holders the least. For Nov 27, 2026, max pain is $240.00.
MCD Put/Call Ratio
Across every listed MCD expiration, the put/call ratio is 0.37 by volume and 0.55 by open interest. More calls than puts are trading. 96,457 puts and 175,590 calls are open in total.
MCD Implied Volatility
MCD at-the-money implied volatility is 25.8% for Oct 30, 2026 (4 days out). For Nov 27, 2026 it is 24.1%. Near-term volatility is priced above longer-dated volatility, an inverted term structure that usually accompanies an event or stress.
MCD Open Interest by Strike
Across all MCD expirations, the largest call open interest near the current $250.25 sits at the $250.00 strike (14,060 contracts) and the largest put open interest at $230.00 (11,527). 175,590 calls and 96,457 puts are open in total.
MCD Expected Move
The options market prices MCD to move about $5.50 (2.2%) by Oct 30, 2026, a range of $244.75 to $255.75. For Nov 27, 2026 (32 days out) the expected move is $14.40 (5.8%).