Sell McDonald’s (NYSE: MCD) Puts for 80% Gain
Sell to close the March 15, 2019 put on McDonalds (NYSE: MCD) with a strike price of $175 at $8.50 or higher for an almost 80% gain. Symbol (MCD190315P175)
This put trade suggestion worked out well. Although we still haven’t seen the stock specific news I am looking for, the decline in the market pulled all three restaurant stocks down.
I am suggesting holding on to the Restaurant Brands International (NYSE: QSR) puts as they have an additional month before expiration and should increase in price quickly if the stock drops below the strike price ($50).
If you were lucky enough to not get filled on closing out the Wendy’s Company (NYSE: WEN) February puts earlier this week, they are up even more and I would suggest booking what is now close to a 120% gain.
Please let me know how these trades worked out for you by taking this brief survey.