Bearish flow noted in McDonald’s (MCD) with 15,074 puts trading, or 2x expected. Most active are 4/4 weekly 310 puts and Apr-25 325 calls, with total volume in those strikes near 3,700 contracts. The Put/Call Ratio is 2.05, while ATM IV is up nearly 7 points on the day. Earnings are expected on May 1st.
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