McDonald’s Corp (NYSE:MCD) reported second-quarter earnings of $2.55 per share, beating Street expectations of $2.47 per share.
On CNBC’s “Options Action,” Michael Khouw of Optimize Advisors said that McDonald’s traded more than 3 times its average trading volume on Monday. The options market is implying a move of about 3.2% versus the average of 1.8% over the last eight quarters, he added.
Check out other stocks making moves in the premarket.
There were buyers of 7,137 of the July 25 weekly 265-calls at an average price of 28 cents per contract, Khouw said. Traders expect McDonald’s stock to rally around 6% to close the week, he added.
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MCD Price Action: Shares of McDonald’s rose by 1.84% to $255.12 on Tuesday morning.
