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Best Options Strategy for QSR

Di Dennis Bosmans · Aggiornato 2026-07-22 · 2 min di lettura · Avvertenza sui rischi

Looking for the best options strategy for Restaurant Brands International Inc. (QSR)? There is no single answer — the right play depends on your outlook, your risk tolerance and current implied volatility. Below, our free engine shows the highest-scoring defined-risk strategy on the live QSR option chain right now, and a simple map from your view on QSR to the strategy that fits it. Model any of them in the calculator before you trade.

About Restaurant Brands International Inc.

Restaurant Brands International operates a portfolio of quick service restaurant chains across North America and beyond. The company owns and franchises four main brands: Tim Hortons, known for coffee and baked goods alongside sandwiches and wraps; Burger King, which specializes in flame-grilled burgers and chicken sandwiches; Popeyes Louisiana Kitchen, focused on Louisiana-style fried chicken and related items; and Firehouse Subs, offering submarine sandwiches and soups. These concepts serve different dayparts and customer preferences, from breakfast and coffee to lunch and dinner occasions.

The company generates revenue primarily through franchising fees, royalties, and rent paid by franchise operators, while also operating company-owned locations in certain markets. Tim Hortons dominates the coffee and quick breakfast segment, particularly in Canada, while Burger King and Popeyes have substantial U.S. footprints. Firehouse Subs operates a smaller regional presence. Revenue comes from a mix of company-operated restaurant sales and franchise-related payments, with the franchise model allowing Restaurant Brands to scale rapidly with lower capital requirements. The business spans…

Today's top-scoring strategy for QSR

Our engine ranks defined-risk strategies on the live QSR chain by probability of profit and risk/reward, then surfaces the best-scoring one. It is an educational illustration, not advice.

Iron Butterfly neutral
Price: $73.75Implied volatility: 31%Expiration: 2026-08-21 (29d)
ActionQtyTypeStrikePremium
BuyPUT$60$0.15
SellPUT$72.5$1.75
SellCALL$72.5$3.40
BuyCALL$85$0.17
P/L at expiry vs today At expiry Today ±1σ
$45$73$100
Profitto massimo
$483
Perdita massima
−$768
Credito netto (incassato)
$482
Punto/i di pareggio
$67.67, $77.33
Position Greeks
Δ
−13.82
Γ
−9.786
Θ
7.05
ν
−13.28
Time decay (price held)
Implied-volatility skew

Simulazione

Simulazione prospettica di 6,000 traiettorie di prezzo lognormali fino alla scadenza — non è un backtest storico.

Percentuale di successo
54%
P/L medio
−$23
Mediana
$41
Mov. atteso (1σ)
9%
5° pct
−$767
25° pct
−$260
75° pct
$270
95° pct
$441

Analisi della strategia

Traiettorie di prezzo simulate (tempo × prezzo)
now $74BE $68BE $77$64$74$850d15d29d
$-752$-143$467

Greche vs prezzo

Δ — P/L in $ per ogni movimento di $1 del sottostante (esposizione equivalente in azioni).
Θ — P/L in $ al giorno dal decadimento temporale.
ν — P/L in $ per ogni +1% di volatilità implicita.
Γ — quanto velocemente cambia il delta per ogni movimento di $1.

Prezzo × volatilità (oggi)

−30%−15%IV+15%+30%
$92−$744−$721−$694−$665−$637
$89−$685−$648−$612−$580−$552
$85−$551−$512−$480−$457−$440
$81−$326−$313−$307−$307−$314
$77−$64−$97−$131−$166−$200
$74$111$41−$23−$82−$135
$70$80$17−$43−$99−$150
$66−$151−$171−$196−$223−$251
$63−$448−$429−$416−$408−$407
$59−$666−$636−$608−$584−$564
$55−$752−$737−$719−$699−$679
Analyze QSR in the calculator → Share this pick ↗

Live scan from 2026-07-22 · quotes delayed ~15 minutes

Backtest storico: come si sarebbe comportata una Iron Butterfly su QSR

Abbiamo simulato in modo approssimativo una Iron Butterfly su QSR che avresti aperto ripetutamente nell'ultimo anno (93 ingressi storici, ciascuno mantenuto fino alla scadenza), con i premi d'ingresso modellati tramite Black-Scholes. Ecco come sarebbe andata sulla reale storia dei prezzi di QSR — un backtest didattico, non una previsione dei rendimenti futuri.

Trade
93
Percentuale di successo
60%
P/L totale
$4781
Rendimento medio sul rischio
+9%
Trade migliore
$432
Trade peggiore
-$547
P/L cumulativo lungo il backtest

In via approssimativa: i premi d'ingresso sono modellati con Black-Scholes sulla base della volatilità realizzata trailing, mantenuti fino alla scadenza e regolati contro il reale prezzo di chiusura storico. Fill reali, volatilità implicita e slippage differiscono — consideralo come contesto indicativo, non come rendimento esatto.

Implied volatility

QSR is currently trading with moderate implied volatility, broadly in line with other large-cap stocks. On the options we scanned that was around 31% implied volatility, and higher implied volatility means richer premiums and wider expected moves.

Options on QSR currently price in about 31% implied volatility, versus roughly 27% the stock has actually realised over the past month. The two are roughly in line, so neither buying nor selling premium has a clear volatility edge here.

Off that volatility, the options market is pricing a move of about ±$6,5 (±9%) in QSR by 2026-08-21 — a range of roughly $67,25 to $80,25. Strikes inside that band hold most of the premium and see most of the action.

Across strikes, downside puts on QSR trade at a higher implied volatility than upside calls — the market is paying up for crash protection. That skew favours selling put spreads or buying calls over symmetric trades.

In evidenza dalla option chain di QSR: open interest, volume e skew

La option chain live di QSR mostra un rapporto put/call sull'open interest di 0.17 (bullish-leaning (more calls)), con una volatilità implicita at-the-money intorno al 31.5%. L'open interest si concentra sulla call a 77.5 — un classico "muro" di resistenza — e sulla put a 65, un "muro" di supporto: esattamente gli strike a cui gli scrittori di opzioni sono più esposti verso la scadenza.

Put/Call OI
0.17
Volume Put/Call
1.07
ATM IV
31.5%
Skew IV put–call
+3.6
Muro OI call
$78 · 2587
Muro OI put
$65 · 608
Call più attiva
$75 · 27
Put più attiva
$70 · 24
Strike più attivi (volume)
$43$73$85
Calls   Puts

Istantanea di open interest, volume e volatilità implicita per la scadenza scansionata più vicina — contesto, non un segnale di trading.

Insider trading su QSR (SEC Form 4)

Operazioni degli insider sul mercato aperto relative a QSR negli ultimi sei mesi circa, tratte dalle comunicazioni SEC Form 4. Gli acquisti sul mercato aperto sono il segnale più raro e più forte — le vendite di routine effettuate nell'ambito di piani prestabiliti sono frequenti, quindi leggi un dato di vendita netta tenendolo presente.

Acquisti sul mercato aperto
0 · —
Vendite sul mercato aperto
17 · $36.4M
Netto (acquisti − vendite)
−$36.4M
InsiderAzioneAzioniValoreData
Housman JeffreyVendita20.000$1.5M2026-03-20
Kobza JoshuaVendita200.000$15.0M2026-03-18
Granat JillVendita25.000$1.9M2026-03-18
SANTELMO THIAGO TVendita10.000$754K2026-03-17
Siddiqui Sami A.Vendita40.000$3.0M2026-03-17
Friesner JacquelineVendita30.000$2.2M2026-03-16

Fonte: comunicazioni SEC Form 4 tramite Finnhub. Solo acquisti (P) e vendite (S) sul mercato aperto — assegnazioni, esercizi di opzioni, donazioni e ritenute fiscali sono esclusi. Contesto informativo, non consulenza sugli investimenti.

Liquidity and tradeability

QSR options are reasonably liquid, with bid-ask spreads around 12% near the money. Defined-risk spreads and condors are workable; use limit orders and watch the fill on wider multi-leg trades.

Earnings & IV crush

QSR's next earnings report is due around 6 agosto 2026. Options that expire after it price in a binary move, so their implied volatility is elevated and usually collapses right after the announcement — an "IV crush". If your expiration falls before this date, the trade sidesteps the event.

With earnings roughly 15 days out, QSR's 31% implied volatility is inflated by event premium — and it usually collapses the moment results drop ("IV crush"). That rewards defined-risk premium sellers when the move stays muted, and punishes option buyers who paid the inflated price. Keep size small and risk defined through the report.

Dividend and assignment risk

QSR pays a dividend of about 3,5% a year, so short or covered calls on it carry early-assignment risk around each ex-dividend date — in-the-money calls are most exposed just before the stock goes ex-dividend.

Key figures

Market cap
$33.4B
Beta (vs market)
0.53
52-week range
$61.33–$81.96 (60% up the range)
Short interest
5.9% of float · 4.7 days to cover

Other strong setups for QSR

If your view on QSR differs, these also scored well in the latest scan:

How to choose an options strategy for QSR

Start with your outlook on QSR, then match it to a defined-risk structure. Here are the most common choices and when each makes sense:

Bullish

You expect QSR to rise

Buy a call for leverage with capped risk, or a bull call spread to lower the cost and breakeven when you have a target price.

Long Call → Bull Call Spread →

Bearish

You expect QSR to fall

Buy a put to profit from a decline with defined risk, or a bear put spread to cheapen the trade when you expect a measured move down.

Long Put → Bear Put Spread →

Neutral

You expect QSR to trade in a range

Sell an iron condor to collect premium while QSR stays between two strikes, or write a covered call against shares you already own.

Iron Condor → Covered Call →

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How we pick the best strategy

For each ticker we pull the live option chain, build every supported strategy around the at-the-money strikes, and score them on probability of profit, risk/reward and capital efficiency — favouring defined-risk structures where the maximum loss is known up front. Methodology →

Open QSR in the free calculator →

Domande frequenti

What is the best options strategy for QSR?

It depends on your outlook. Bullish traders often use a long call or bull call spread on QSR; bearish traders a long put or bear put spread; neutral traders an iron condor or covered call. Our live scan above shows the current highest-scoring defined-risk play.

Are QSR options liquid enough to trade?

Restaurant Brands International Inc. (QSR) is among the most actively-traded US options, which usually means tight bid/ask spreads and plenty of strikes and expirations — though you should always check the open interest and spread on the exact contract.

How much money do I need to trade QSR options?

Buying a single QSR call or put can cost as little as the premium (often one to a few hundred dollars), while income strategies like a cash-secured put need enough capital to buy 100 shares if assigned.

Is this financial advice?

No. Everything here is educational and uses delayed, third-party data. It is not a recommendation to trade QSR or any security. Do your own research.

Cosa fa Restaurant Brands International Inc.?

Restaurant Brands International Inc. (QSR) opera nel settore Restaurants. La sezione "Informazioni su Restaurant Brands International Inc." qui sopra offre un quadro più completo di ciò che fa l'azienda e di come genera profitti.

Restaurant Brands International Inc. paga dividendi?

Sì — Restaurant Brands International Inc. attualmente distribuisce un dividendo con un rendimento di circa 3,5%. Se detieni le azioni (ad esempio per una covered call) la data di stacco cedola (ex-dividend) può causare un'assegnazione anticipata, quindi controllala prima della data.

Quando Restaurant Brands International Inc. pubblica gli utili?

I prossimi utili di Restaurant Brands International Inc. sono attesi intorno al 6 agosto 2026. La volatilità implicita di solito sale in avvicinamento alla pubblicazione e crolla bruscamente dopo (IV crush) — un aspetto importante per qualsiasi posizione in opzioni che mantieni oltre quella data.

Tickers related to QSR

Comparing QSR with similar names can help you choose the best options strategy:

DPZDomino's PizzaWENThe Wendy's CompanyDRIDarden Restaurants, Inc.PZZAPapa John's International, Inc.

Informazioni sull’azienda

Sede
5707 Waterford District Drive, Miami, FL, 33126, United States
Settore
Restaurants
Dipendenti
53.500
CEO
Mr. Joshua Kobza
Telefono
305-378-3000
Sito web
www.rbi.com

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