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Reallifetrading
Oct 16, 2019 9:29 PM

MCD earnings strategy 

McDonald's CorporationNYSE

Description

Just my opinion. MCD RARELY gaps largely on earnings. IF MCD gapped up, it seems the best play would be to 'immediately' sell the calls to close and lock in a gain (and hold the put and sell the $200 against it for .10 or something...)
If MCD gapped down, PROB best to hold the long put as the support looks weak.

Comment

AMAZING GAP LOCATION For those puts!! 200 SMA is target
Comments
bl4ckn1ght
very nice call on MCD's er. boy that was an ugly earning.
Reallifetrading
@bl4ckn1ght, GORGEOUS GAP AND GO!!!!
borisrehab
i'm planning on selling the 190 puts for dec expiry
bl4ckn1ght
Closed 205/200 put spread bought before ER today on 10wk line. it likely to bounce around on this line for sometime. Plan to re-enter put to continue short it till 185-190 range. your thought?
Reallifetrading
@bl4ckn1ght, My thoughts- take the winnings and invest it into a LONG play. MCD = one of the strongest stocks out there. :)
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