McDonalds Follow-Up
$MCD
Follow-up from earlier post this week -
A lot of red this week, but not in MCD 0.00%↑ .
The stock is right where I wanted to see it in order to get interested. So I’m watching how the day closes, but given the currents occurring at the broader market level, I am not inclined to be adding risk into a weekend. The stocks implied volatility is at the upper end of its 52 week range given this weeks sell-off, which means options premiums are elevated. So if the market sentiment improves early next week, and MCD 0.00%↑ remains above it’s 200 day, I’ll be looking to sell some put spreads and collect income on the setup that’s formed.