claypuzzle

MCD bull put spread

Long
NYSE:MCD   McDonald's Corporation

10 DTE May 21, 27% ROI
Potential downward channel with slope translation from the selling highs.
Almost into an aggressive buying and demand zone in the 5m timeframe not seen on the hourly chart.
4h trend is up, 1h trend is sideways caught between 1h supply and demand zones, just as I like it.
It's a wide 2.5 strike width, but position size reduced.

This morning was a huge gap down day for many stocks and I missed many entries at the open.
But MCD declined into the strike zone during lunch and I was away from computer.
As it was rallying I was able to sell for 0.54, 27% roi , but it's out 10 DTE
Sold strike is tucked behind a spike low.

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