Thursday, February 16, 2012

Buy MCD (sell puts)

Buy MCD McDonalds via selling Mar 92.5 puts, MCD @98.8. Chart support at 95. For calendar 2012 MCD has underperformed, though it had a great run up 2011. Some of the tech names are also interesting, but I have a difficult time when they are moving so quickly.

Elsewhere, the decline in GDX gold miners has brought my long Mar 45 puts back into play.

Long APC BRKB IWM MCD SPY XRT
Short GDX
* long AAPL AMZN EEM
* delta is near zero on these positions

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