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On CNBC's Options Action, Dan Nathan spoke about unusually high options activity in McDonald's Corporation (NYSE: MCD).
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Options trading volume on Wednesday in McDonald's was three times higher than the average daily options volume. When the stock was trading at $119.50 a trader bought 50,000 contracts of the January 2017 125 call options for $3.15. The breakeven for the trade is at $128.15 or approximately 7 percent higher from the closing price on Wednesday.
Nathan thinks it's a good idea to limit risk with calls because there is a risk of McDonald's trading lower to its breakout level from October 2015.