http://finance.yahoo.com/news/mcdonalds-mcd-lags-q2-earnings-151503333.html
http://finance.yahoo.com/chart/MCD
A lot has been written about MCD, It has had a long run up, a disappointing earnings report and a sharp snap back. I'm giving it a bottom at 90 and a roof at 130.
Trade
with MCD at 117.52
Jan '17 130/135//90/85 condor for a net credit of $64
yield = 64/436 = 14.6% in 170 days or 31.5% annualized
Price..... Profit / Loss..... ROM %
60.00........ (436.00)........ -87.20%
80.00........ (436.00)........ -87.20%
85.00........ (436.00)........ -87.20%
89.36............. 0.00............. 0.00%
90.00............ 64.00........... 12.80%
105.11.......... 64.00........... 12.80%
126.33.......... 64.00........... 12.80%
130.00.......... 64.00........... 12.80%
130.64............ 0.00............. 0.00%
135.00....... (436.00)......... -87.20%
160.00....... (436.00)......... -87.20%
http://finance.yahoo.com/chart/MCD
A lot has been written about MCD, It has had a long run up, a disappointing earnings report and a sharp snap back. I'm giving it a bottom at 90 and a roof at 130.
Trade
with MCD at 117.52
Jan '17 130/135//90/85 condor for a net credit of $64
yield = 64/436 = 14.6% in 170 days or 31.5% annualized
Price..... Profit / Loss..... ROM %
60.00........ (436.00)........ -87.20%
80.00........ (436.00)........ -87.20%
85.00........ (436.00)........ -87.20%
89.36............. 0.00............. 0.00%
90.00............ 64.00........... 12.80%
105.11.......... 64.00........... 12.80%
126.33.......... 64.00........... 12.80%
130.00.......... 64.00........... 12.80%
130.64............ 0.00............. 0.00%
135.00....... (436.00)......... -87.20%
160.00....... (436.00)......... -87.20%
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