MCD - McDonalds

6 Ağu 2018

MCD has sold off quite a bit here in the last few months and is hovering above this longer term support level. I decided to go with a asymmetrical set up using a call spread for this play.


+1 Dec21 155/170 call spread for $5.38 db.


Risk: Try to let price action stop me out at the project stop or manage near a 50% loser to keep the risk small.
Profit: Target hit (initially)

20 Ağu 2018

İşlem aktif

New stop loss moved up to $159.83. I have to move the stop up because with option spreads, as time passes, the options can sometimes loss value if they do not carry enough intrinsic value.

23 Ağu 2018

İşlem kapandı: durdurma seviyesi

Price has been flirting with my stop all day, so closing here for a $6.56 db. Around a $118 winner, ~22% ROC