McDonald's Corp. (MCD) stock has tumbled based on fears about how gas prices have affected sales. But it may have been overdone, especially now that gas prices are falling. This article looks at ways to play MCD stock using out-of-the-money puts and in-the-money calls.
MCD closed at $269.76 on Friday, June 26, up from a recent trough of $264.54 on June 25. Moreover, it's well below a 3-month peak of $311.36 on April 17.
