Wednesday, October 14, 2009

Back in Action GUEY!

Ahhh, it's nice to be trading options again... Now that Perm-a-bear and I have started our business, we've started to trade during the slower business days.

Put on a calendar spread today. Ticker MCD, sold a Nov Call, 57.50 strike and bought a Dec Call, 57.50 strike. Debit of .25 so not much risk on the downside here. MCD hasn't made many large moves in the last year, and given the past years volatility, there's little reason to believe it will move in the next month. Earnings come out late October, but little reason to believe there will be a major suprise to move the price substantially. Max profit is over $90. Great probablity of success.

BTW, go to put a plug in for the business. www.foodjetdeliveries.com


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