Episode
Jade Lizard on McDonald's Stock
- Podcast
- Option Trades Today
- Published
- May 7, 2026
- Duration seconds
- 251
- Processing state
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- https://optiontradestoday.libsyn.com/jade-lizard-on-mcdonalds
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Summary
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.