MCD - overdone on the upside ?

[syswizard]

Tim Seemore of Fast Money fame indicates this as a short. However, it was just upgraded to 130 and 135.
What say ye ?
Are the other competitors better shorts ? WEN, QSR, YUM ?
All have taken pretty good hits this year.

 

[clacy]

I would check with Hajimow. He seems pretty dialed into MCD.

 

[syswizard]

I sent him a PM.
IB's Probability Lab indicates the best position: a short call position of Feb 124, 2xFeb 128....for an 83% probability and max loss of $360.

 

[Michael J. Fletcher]

I would say that the likelihood of making profits shorting it is higher than the likelihood of making profits while being long on it.

 

[syswizard]

Indeed, it's now at the 123 level....the 123 puts got crushed this morning.
It's obviously bolstered by the broader market move.

However, I think 125 has got to be near a top.

 

[Nine_Ender]

I would check with Hajimow. He seems pretty dialed into MCD.

Dialed in ? He recommended shorting AAPL when it was $95. It's gone up 31% since when the overall market is down 8%.

 

[clacy]

Dialed in ? He recommended shorting AAPL when it was $95. It's gone up 31% since when the overall market is down 8%.

Sorry, I was being sarcastic. Thought that was obvious.

 

[syswizard]

Here we go with Mickey D's at all time highs.
Looks to be parabolic on the chart...a good sign to go short.
All of the bulls are "sucked-in"....and all shorts have covered.

 

[Buy1Sell2]

No sign of reversal here. Stock is a hold above 112 at the present time.

 

[Buy1Sell2]

Take Profits here.