– BUY MCD 100 JAN 15 92.5 PUT @2.44
MCD popped big time and I was able to cover a strangle that was going bad. This time I’m looking for vol expansion so I am buying the options for downside movement. I was considering selling the option but on second thought I believe the overall market will be selling off a bit and vol will expand which will make the options more valuable. MCD has been having bad news lately and it popped for no apparent reason so I’m hoping it will bounce off this level and get back down lower. We’ll see I guess.
12/19/14 – SELL MCD 100 JAN 15 92.5 PUT @2.03
I got chicken shit and pulled it off. %17 loss.
DISCLAIMER - JVOND SUCKS AT INVESTING! FOR LEARNING PURPOSES ONLY!