About this episode
The episode discusses options trading strategies for McDonald's stock following its earnings report and price fluctuations.
Options trading on McDonald's after it popped to $291 on earnings and then reversed hard to $282. Live trading a jade lizard here means selling a call spread at the 292/295 strikes to collect premium and adding a 275 short put below to get the long delta needed to catch the move back up. The jade lizard option strategy fills at $5.55 with 23 long deltas, 75% probability of profit, and no risk to the upside. Risk only below 270, a level McDonald's has not seen in years. Entry discipline is everything on a name with wide markets.
People in this episode
Host: tastylive
Topics covered
- options trading
- McDonald's stock
- investment strategies
- jade lizard strategy
- market analysis
Keywords
- options trading
- McDonald's
- jade lizard
- call spread
- short put
- long delta
- probability of profit
Mentioned in this episode
Organizations: McDonald's
Products: jade lizard
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