JJ Kinahan On McDonald's Corporation Ahead Of Earnings

Speaking to Benzinga, TD Ameritrade Chief Strategist JJ Kinahan commented on McDonald's Corporation MCD ahead of its earnings report.

Kinahan noted that, despite recent bad press, McDonald's was up nearly 4 percent since its last earnings release.

Based on implied volatility, the market expected a 2.5 percent move in the stock following earnings, according to Kinahan.

In the options market, Calls had traded approximately 2.5x the normal volume on Monday.

Kinahan also highlighted the activity in a spread trade where a trader sold May $100 Calls and bought the June $97.50 Calls on Monday.

McDonald's Corporation reports Q1 earnings Wednesday morning and recently traded at $95.03, down 1.20 percent.

Kevin Riley and Brianna Valleskey contributed to this report.