EARN25

Options Bulls Scoop Up McDonald's Stock After Earnings

MCD call volume is running at 14 times the intraday average amount

Deputy Editor
Jan 31, 2023 at 10:11 AM
facebook X logo linkedin


McDonald's Corp (NYSE:MCD) reported fourth-quarter adjusted earnings of $2.59 per share on revenue of $5.93 and a 12.6% rise in same-store sales, all of which beat Wall Street's expectations. Nevertheless, MCD was last seen 2.1% lower to trade at $265.32. 

In stark contrast to the industry trend, the blue-chip fast-food giant saw increased traffic domestically as consumers shift from full-service restaurants to more affordable options. In a press release, McDonald's CEO Chris Kempczinski said the company expects "short-term inflationary pressures to continue in 2023." 

McDonald's stock remains above its year-over-year breakeven mark. Keep an eye on the shares' 100-day moving average, a trendline that's holding today and stepped up as support earlier in the month. 

Options traders remain bullish, with call volume is exceeding normal volume this morning. More than 10,000 bullish bets have crossed the tape already today, volume that's 14 times the intraday average amount. The most activity is taking place at the weekly 2/3 280-strike call, where new positions are being opened.

 

 

You Don’t Need 25 Alerts -- You Need ONE You Can Trust!

That’s the idea behind Trade of the Week, Schaeffer’s newest trade alert.

Every Monday morning before the opening bell, you’ll receive a single, expertly researched trade recommendation -- built from the same proprietary research we’ve been using for over four decades.

It’s not just a signal.

It’s a plan designed for traders who are tired of jumping from alert to alert without ever finding their edge.

No juggling alerts. No switching directions mid-week. Just one clear, expertly researched trade idea -- delivered before the market even opens.

👉 JOIN RIGHT NOW FOR JUST $1 TO GET THE NEXT TRADE!