McDonald’s (MCD) – Bullish Options Action Trade for Oct 22nd, 2018
On Friday’s Options Action, the crew analyzed the performance of McDonald’s (MCD). McDonald’s has underperformed the market and sector since peaking in 2011, but has started to outperform recently. Coupled with a bullish trendline and triangle formation at its apex, suggests a possible breakout higher. Expecting MCD to catchup with its sector, Michael Khouw suggests selling a Dec 165 Put for a $4.25 Credit. As of Friday’s close, this put was trading at $4.45.
We’ve structured this trade in OptionsPlay so you can analyze and view this trade along with the supporting technical chart at your convenience. You can also view the Options Action’s video by clicking on the following link: MCD Options Action
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