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.

 

 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI