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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 necessary to drive to a McDonalds? A low of $.10 to a high over $5.04. (See the small Friday morning opening bounce upwards which would have driven the Puts at that time down to the $.10 price range). What a trap. You should you be thinking about opportunities like this. Sometimes they happen out of the blue.
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What is McDonald's Doing ?

Here are one series of it's Puts that expire this Friday. They are "out-of-th-money" so it's going to take a bit of a directional move to get a payout.
Now it's five day chart.
Is the stock going up because the DJIA is up?
This to me is more a play on what the markets are doing than the stock itself. Here is how it closed the day.
It's largely unchanged from where it was trading at back at 1:18 p.m.. Here is how the D.J.I.A. closed the day.
Let's skiop ahead to Friday. It closed down 793 points. The 310 Puts had a good day.

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