Options Traders Swarm McDonald's Stock After Earnings

Price increases and a new loyalty program contributed to the strong results

Digital Content Manager
Apr 28, 2022 at 11:02 AM
facebook twitter linkedin

The shares of McDonald's Corp (NYSE:MCD) are up 1.7% to trade at $251.41 at last check, after the fast food concern posted a first-quarter earnings and revenue beat. The company noted a 3.5% rise in comparable sales growth within the U.S., while international markets saw even higher jumps. Plus, stateside price increases and the launch of a new loyalty program contributed to the blue chip's strong results.  

Options traders have been quick to respond to the earnings event, with 5,414 calls and 4,850 puts across the tape so far, which is triple the intraday average. The weekly 4/29 245-strike put is currently the most popular, followed by the weekly 5/6 255-strike call.

The brokerage bunch has yet to chime in, but is firmly optimistic towards McDonald's stock. However, there is still some room for upgrades. Of the 25 analysts in coverage, seven call MCD a tepid "hold."   

McDonald's stock still has some ground to cover before coming within reach of its Jan. 4, all-time high of $271.14. The security is bouncing off the 30-day moving average, which yesterday contained a pullback from last week's rally to the $260 region. Year-over-year, MCD is up 8.2%.



Minimize Risk While Maximizing Profits

There is no options strategy like this one, which consistently minimizes risk while maintaining maximum profits. Perfect for traders looking for ways to control risk, reduce losses, and increase the likelihood of success when trading calls and puts. The Schaeffer’s team has over 41 years of options trading success targeting +100% gains on every trade. Rest assured your losses are effectively limited to your initial cost at the time of making your move! Don't waste another second... join us right now before the next trade is released! 


300x250 - Banner 3 - v1