Investors in McDonald’s Corp (MCD) can now trade new options with a May 2026 expiration, totaling 297 days until expiration. A put contract at the $295.00 strike price has a current bid of $17.00, allowing sellers to potentially reduce their cost basis to $278.00, representing a 5.76% return if it expires worthless, with a 59% chance of doing so. Meanwhile, a call contract at the $310.00 strike price, with a bid of $18.10, offers a potential total return of 10.30% if the stock price rises, along with a 51% chance of expiring worthless.
The current trading price of McDonald’s is $297.46 per share, making the $295.00 put approximately 1% out-of-the-money, while the $310.00 call is about 4% out-of-the-money. The implied volatilities for the put and call are 20% and 21%, respectively, whereas the trailing twelve-month volatility is calculated at 19%.
