Unusual Options Activity In McDonald's Corporation

Scott Nations spoke on

about unusually high options activity in

. For some time traders have been accumulating a long position in the February 95 call options and on Thursday they got their reward as the stock jumped to $93.27, or 5.06 percent on announcement of

. Instead of waiting for call options to expiry they decided to roll their positions, because they don't believe that the stock is going to jump enough until the February expiration. They sold 37,000 of the February 95 calls for $0.32 and bought 37,000 of the March 95 calls for $0.91. They paid net $0.59 to extend their bullish position in

for another month.