BUY, SELL, HOLD (2)

Bulls Buy Up McDonald's Stock After Quarterly Win

New menu items helped McDonald's draw in consumers

Digital Content Manager
Oct 30, 2023 at 10:15 AM
facebook X logo linkedin


McDonald's Corp (NYSE:MCD) stock is up 0.5% to trade at $257.06 at last check, after the fast food giant reported top- and bottom-line wins for its third quarter. Higher prices helped the company secure a 8.1% rise in same-store sales in the U.S., with new menu items like the Cheesy Jalapeno Bacon quarter pounder and Spicy Chicken McNuggets drawing in costumers.

Nevertheless, the $261 level is still keeping a tight lid on shares, after turning down a rally earlier this month. While it shed 14% in the last six months, MCD has consolidated above the 20-day moving average and the $255 region also providing a floor in the past week.

The options pits are abuzz today too, with 12,000 calls traded so far -- seven times the intraday average volume -- compared to just 4,701 puts. Most popular is the weekly 11/10 257.50-strike call, with new positions opening there, as the weekly 11/3 260-strike call trails not far behind.

Over at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), the stock's 10-day call/put volume ratio of 1.86 ranks higher than 75% of annual readings. This indicates options traders have been much more bullish than usual.

 

Two High-Octane Trade Ideas. One Simple Goal: Intraday Profits.

Dynamite Day Trading Signals delivers two same-day options trades every week — powered by proprietary intraday analysis and 43+ years of trading expertise.

But this isn’t just another stream of alerts.

It’s a structured plan with clear entry and exit points – designed for traders who want to act fast, trade smart, and wrap up gains before the closing bell.

No guesswork. No overnight exposure – Just two well-researched setups per week — whether you prefer buying premium or selling it.

And the results speak for themselves: subscribers have locked in +245.8% total profit over the last six months (since inception!).

👉 Start your one-month trial now for just $10, and be ready for the next trade alert.