Rocket MCD Update 11-11-20
MCD trading up 2%
Our MCD spread still has about $0.14 of value right now. We got into the $225-$235 call spread for about $0.98.
We have almost 3 full trading days left until expiration, and MCD just traded up $3 in the 20 minutes since the open, so it's not impossible that we could get some action. MCD is trading at $217.00.
Place an order to close our call spread at credit of $0.98 (breakeven) - we still need some serious action to the upside for this to have a chance of getting hit, but no harm in having it in there just in case we get an acceleration higher at any point today.
We have almost 3 full trading days left until expiration, and MCD just traded up $3 in the 20 minutes since the open, so it's not impossible that we could get some action. MCD is trading at $217.00.
Place an order to close our call spread at credit of $0.98 (breakeven) - we still need some serious action to the upside for this to have a chance of getting hit, but no harm in having it in there just in case we get an acceleration higher at any point today.