About this episode

The episode discusses options trading strategies for McDonald's stock following its earnings report and price fluctuations.

Options trading on McDonald's after it popped to $291 on earnings and then reversed hard to $282. Live trading a jade lizard here means selling a call spread at the 292/295 strikes to collect premium and adding a 275 short put below to get the long delta needed to catch the move back up. The jade lizard option strategy fills at $5.55 with 23 long deltas, 75% probability of profit, and no risk to the upside. Risk only below 270, a level McDonald's has not seen in years. Entry discipline is everything on a name with wide markets.

More episodes of Option Trades Today

• EWY Call Ratio Spread · May 6, 2026 · 6 min
• LUV Naked Put · May 4, 2026 · 4 min
• Delta Neutral Strangle in AMD · February 19, 2026 · 4 min
• Broken Wing Butterfly in SPX · February 17, 2026 · 6 min
• Omnidirectional Slightly Bullish Trade in SLV · February 10, 2026 · 6 min
• Patent-Pending Broken Wing Butterfly in SPX · February 5, 2026 · 8 min

Explore listener stats, chart rankings, contacts and more on the Option Trades Today podcast page.