Rocket Update 11-09-20
Monday Update
Pretty wild action in MCD today, unfortunate move to lower price right on the open. I'm going to hold the $225-$235 call spread and we'll see what happens for tomorrow and the rest of the week. Our call spread is only worth about $0.17 right now.
Disney and Uber are trading nicely higher, this was the news we've been waiting for to give these equities a little room for hope and price appreciation. There are still going to be downswings in these equities, but the plan has always been to hold them at least until the world resumes a post-covid life, and you're seeing the start of rewards now. Both of these stocks had lagged recently, but if you had the plan to hold for a year or two or three to get past covid, then the rewards we're always clear at the end of the struggle. Uber has grown their food delivery business tremendously over the last 8 months, and Disney+ has exceeded anyone's wildest imagination from the estimates set just last year. Both of their businesses will resume with some sense of normalcy soon, and they will retain the benefits of the growth they've had during the restrictions. Disney has earnings Thursday.
Options Trades:
Long MCD $225 - $235 call spread for $1. This option expires Friday. MCD is trading at $214.15.
Short Term portfolio:
None
Long Term portfolio:
Long half position in DIS at $118.63. Disney is trading at $144.26. Stop is $98.45.
Long half position in UBER at $31.50. Uber is trading at $48.24. Stop is $26.24.
Long half position in MCD at $216.91. MCD is trading at $214.11. Stop is $189.50.
Disney and Uber are trading nicely higher, this was the news we've been waiting for to give these equities a little room for hope and price appreciation. There are still going to be downswings in these equities, but the plan has always been to hold them at least until the world resumes a post-covid life, and you're seeing the start of rewards now. Both of these stocks had lagged recently, but if you had the plan to hold for a year or two or three to get past covid, then the rewards we're always clear at the end of the struggle. Uber has grown their food delivery business tremendously over the last 8 months, and Disney+ has exceeded anyone's wildest imagination from the estimates set just last year. Both of their businesses will resume with some sense of normalcy soon, and they will retain the benefits of the growth they've had during the restrictions. Disney has earnings Thursday.
Options Trades:
Long MCD $225 - $235 call spread for $1. This option expires Friday. MCD is trading at $214.15.
Short Term portfolio:
None
Long Term portfolio:
Long half position in DIS at $118.63. Disney is trading at $144.26. Stop is $98.45.
Long half position in UBER at $31.50. Uber is trading at $48.24. Stop is $26.24.
Long half position in MCD at $216.91. MCD is trading at $214.11. Stop is $189.50.
Timer Digest Signals: S&P: Bearish Gold: Bullish Bonds: Bullish
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