McDonalds Was On A High This Week Before Common Sense Kicked In
There was news. McDonald's is winning at drawing it's customers back in. Quarterly earning were released this week. The stock jumped on Thursday on this news. See this chart. Now it's Puts trading on Friday, the day after. Logic has suddenly set in. With gas prices so high who can afford the gas to drive to McDonalds? A low of $.10 to a high over $5.04. (See the small Friday morning bounce which would have driven the Puts down to $ .10). What a trap. Welcome to the new reality of playing "one-day-options".