Our Trade On This Fast-Food Powerhouse

Posted On June 25, 2022 12:00 pm
By: Steve Smith

Last week on Tuesday I sent his alert to my Options360 subscribers…

*(Keep in mind this trade is now closed, so do NOT try and execute these instructions. It was from June 21st, and the window is closed on it!)*

The stock is strong but is it bullish?

Let’s assume we’re going to see a temporary bounce.

McDonald’s (MCD) is a combo of consumer staple and discretionary.

The chart is constructive as it did not make a new low last week and is now working on a reversal through resistance at the $235 level.

ACTION:

-Buy to open 1 contract July (7/15) 237.5 Call

-Sell to open 1 contract July (7/01) 242.5 Call

For a Net Debit $3.90 (+/-0.10)

*************************************

The next day, on June 22nd, we closed the trade for a quick 24% overnight ROI.

This is the kind of trade you can take advantage of, even in this market, if you are willing to watch stocks all day – and have the skill to know where to look. Or you can just get a professional trader to watch the markets for you.

Subscribers to my concierge trading service Options360 get a professional watching the markets for you – all day every trading day – for just $19!!

This is the kind of “proof of concept” offer that people who are serious about trading can’t pass up.

So my only question to you is…

Are you serious about uncovering profits in this market, or are you just playing around?

I’ll know you’re serious if you click here now!

To Your Success,

Steve

About author

Steve Smith

Steve Smith have been involved in all facets of the investment industry in a variety of roles ranging from speculator, educator, manager and advisor. This has taken him from the trading floors of Chicago to hedge funds on Wall Street to the world online. From 1987 to 1996, he served as a market maker at the Chicago Board of Options Exchange (CBOE) and Chicago Board of Trade (CBOT). From 1997 to 2007, he was a Senior Columnist and Managing Editor for TheStreet.com, handling their Option Alert and Short Report newsletters. The Option Alert was awarded the MIN “best business newsletter” in 2006. From 2009 to 2013, Smith was a Senior Columnist and Managing Editor for Minyanville’s OptionSmith newsletter, as well as a Risk Manager Consultant for New Vernon Capital LLC. Smith acted as an advisor to build models and option strategies to reduce portfolio exposure and enhance returns for the four main funds. Since 2015, he has worked for Adam Mesh Trading Group. There, he has managed Options360 and Earning 360, been co-leader of Option Academy, and contributed to The Option Specialist website.