Trade
Buy/write on MCD McDonalds (fast food chain)
Buy the stock, sell the Sep 32.5 call
A conservative trade, selling the out month in-the-money call, based on overall market feel than anything else.
The long term chart of the overall market doesn't give me a warm fuzzy feeling. However, I believe a short term bounce is sooner rather than later. Because of my skepticism at the long term prospects, I haven't made any buys in my long term retirement accounts.
Current positions all longs:
ATK, EBAY*, SHLD, PGR*, WCG* and now MCD*
* denotes hedged positions, long stock, short calls
No comments:
Post a Comment