Thursday, May 02, 2013 5:24:32 AM
Last idiotic trade I am thinking about: MCD Puts Looks like maybe we put in a lower high on MCD, got some gaps below to fill. Went down with the market yesterday. I believe we will have some recovery today, but it will be short lived, especially if the crappy NFP numbers come out tomorrow. ADP a precursor? ANyway, MCD is coming off of ALL TIME highs here, needs a little breather. $100 Puts for May are .64 currently. If it pops a little this morning, can get them cheaper. Will be watching.
This is a dangerous play, MCD is a SAFE haven stock, but I think a small drop is in order.
This is a dangerous play, MCD is a SAFE haven stock, but I think a small drop is in order.
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