On August 26, I recommended that you consider a position the McDonald’s (MCD) October 92.50 call and the December 92.50 call, as they traded at $2.75 and $4.20 respectively.
Today, after an impressive move, consider selling to close both of those positions. The MCD October 92.50 calls now trade around $5.65. And the MCD December 92.50 calls now trade around $6.85.
Not too bad for a trade issued two days ago…
Stay tuned for new trades shortly.
Ian L. Cooper
Forgotten Profits