Short term bearish on MCD. Just hit key resistance level matched by bearish RSI/Price divergence. I'll stay short for the time being unless it breaks out above its resistance level. This also came after a long run up, thinking of buying puts while they're cheap.
@thisbemax what time frame and strike you looking at ?
thisbemax
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@NikhilMulley, you're looking at a 6-month chart with big swings every few weeks, so I might start looking at options 2-3 weeks out at/near the money where there is plenty of volume. Just to be clear though - i personally have not purchased any puts yet. But if you follow through on this one good luck to you!
thisbemax
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Also, don't mean for this to be investment advice, just my opinion