-SOLD MCD 100 OCT1 14 94 CALL @.75
I’m constantly trying to short the shit out of MCD because I hate the company. So I’m looking for it to go lower. On the daily I see the stock is well overbought with it coming out of a bullish engulfing last week along with it’s upward trend. The market seems to be in a downward trend too. I don’t see a lot of pressure to the down side so I’m selling calls so that I can roll it if needed instead of buying puts which can hurt more with a less chance of recovering a bad move.
10/6/14 – BOT MCD 100 NOV1 14 96 CALL @1.11
Dam it. I didn’t realized I rolled it today when I closed the trade. DOH! Was going to scratch it from what TOS was telling me. Hangovers suck for trading.
Think it’s a %30 loser after commissions.
DISCLAIMER - JVOND SUCKS AT INVESTING! FOR LEARNING PURPOSES ONLY!