Actionable Trade-Alert
from Rick in the Trading Room
(Please check all related discussion in the room before you do any trades.)
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10:25 |
Bid 0.55 for expiring MCD 267.50 calls to bottom-fish the 267.05 target. Order good till 11:00 a.m. |
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10:27 |
MCD Cover the MCD short. by buying back the calls. Profit $11,900 Thanks for the help Rick. OK lets spec on the bounce [ {{ Ur welcome. Great trade, Sparty! RA }} ] |
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10:30 |
MCD 167.5 calls.. Did we get front run? |
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10:35 |
Not sure. The so-far low at 267.30 missed my target by 0.25, or less than 1/10 of one percent. Seems close enough to for us to consider the target fulfilled, but I’ll leave the 0.55 bid in for the calls anyway. They expire tomorrow and are already melting away; that’s why I am lowballing my bid and time-limiting it. The offers are skittishly high, but I’d rather not buy the calls at all than pay up for them. That’s because their volatiity will get crushed if the stock does rally from my target. |
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