McDonald's Call Options Surge Amid Rebound Expectations

Traders acquired a significant number of call options on McDonald's (NYSE:MCD) last Friday, representing an increase of approximately 34% compared to the typical daily volume. The unusual options activity has provided a bullish signal for investors.

The company is set to bring back its popular Spicy McNuggets next week after a two-year absence and will also reintroduce another discontinued snack. This move could potentially boost customer engagement and limited-time promotion sales.

McDonald's reported earnings per share of $3.38 for the quarter, beating analysts' consensus estimates of $3.32 by $0.06. The company's revenue was up 3.7% compared to the same period last year.